Hotel - Accommodation - Leasehold - Motel - Air B&b - Boutique Hotel - Air B&b - Price Dropped From $448k (business Name Not Included)

Business For Sale Darlinghurst, New South Wales 2010

Business Category Hotel

$248,000

Description

Hotel - Accommodation - Leasehold - Motel - Air B&b - Boutique Hotel - Air B&b - Price Dropped From $448k (business Name Not Included)

Hotel - Accommodation - Leasehold - Motel - Air B&B - City Fringe - Agent SBX Code Number: SF1649FMT

Hotel - Air B&B - Motel - Leasehold - Accommodation with 16 rooms in total.- Business Name is not included in the sale and the price reflects this, reduced from $448K in December 2021 - This is a modern three - star boutique hotel with 2 street-front entrances - 2 floors from the main entrance has 5 rooms, 2 floors from the second entrance has 3 rooms. -There are 5 room styles, all with en-suite bathroom, luxuriously and artistically furnished with room sizes varying from 10 to 22 sq. mts. - Occupancy stays around 90% throughout the year.- Providing no facilities other than rooms which enables low costs and simple management. - There is a lot of extra income from commissions on tours, car parking, airport transfers and shuttle services, mini bar and bag B&B - Limited experience is required to run this business and it is not a business that is suitable to finance - Rent on the lease is $6294 ex gst p.w. (Landlord has agreed to half rent of $3147 ex gst p.w. until sales return in 2022 ) - Rent shown is at 50% and profit should remain similar once the sales go up to pre covid of approx.$16K. - Air conditioned, Fire Rated.

Potential
Activate the Stripe Booking to manage bookings for a fully automated check in system. - Can run easily under management - To do more marketing and advertising to attract more tourists in 2022 - Can be rebranded.

Features
Beautifully restored and renovated in 2017 - Historical Sydney City townhouse property. - Contactless check -in. -Boutique style Inner City accommodation - Completely contact free check in and out operating system which is perfect for todays challenges - Training can be provided

Premises
Modern style 4 storey brick and concrete construction boutique hotel with a total area of 470 sq.mts.

Location
Located in Sydneys famous cafe strip and only steps from shopping, theater, nightlife, museums, art galleries, the fashion district and close to the city on the city fringe

Trading Hours
7 days. - Mon. - Sun.- 8 a.m. - 4 p.m.

Lease
Current lease expires Oct. 2024 + 7 years option. - 3% increases - Currently 1 month bond.

Employees
One owner + 1 receptionist (10 hours p.w.) + 1 full time cleaner

Comments
Misc.- 1 - Other general expenses - The owner works only 5 week days - One receptionist works 10 hours on weekends- 1 cleaner works 35 hours a week cleaning only. - Last renovated in 2017 and cost over $400,000.- The business is extremely busy with locals and many clients staying from the St Vincent Hospital, Sydney Eye clinic, for weekend getaways as Darlinghurst is full of funky bars and restaurants.- Rent is reasonable and works out to be around $56 per room per day and average room rate is $165 per day . - Uses a Cloud Beds Booking System - During Covid was busy with locals and rooms were priced to keep the occupancy at a high level - - In November 2021 it is at 70% and increasing as more and more tourists and out of state travellers return. - NOTE Business name is not included and price dropped from $448K in December 2021 for a quick sale as the vendor has another opportunity.

Agent SBX Code Number: SF1649FMT - Sydney Business Exchange

Hotel Information

  • Restaurant Facilities: -
  • Liquor Licence: -
  • Restaurant: -
  • Lease: -
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SBX Business Brokers

Bsale ID: 565930
Broker REF: SF1649FMT

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