Property Management for sale in London

View the "DIGITALLY LED SERVICED APARTMENT OPERATOR WITH A PORTFOLIO OF OVER 160 APARTMENTS" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

DIGITALLY LED SERVICED APARTMENT OPERATOR WITH A PORTFOLIO OF OVER 160 APARTMENTS

London, England

  • Freehold Price: Offers Invited
  • Annual Turnover: £5,300,000
Seller Reference: 147669
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Business Description
 
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Seller Reference: 147669
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Business Description
South East.
FY18 T/O of £5.3m, EBITDA of £758k.
A digitally led serviced apartment operator, portfolio of 165 apartments across 8 towns in the South East.
Clients are companies or corporate travellers seeking short- to medium-term accommodation.
Organically grown from 52 apartments to 165 over a period of 6 years.
Fully run by second-tier management with shareholders playing no part in day-to-day operations.
High rate of retention for landlords and clients and boasts a daily occupancy rate of around 75%, higher than regional average.
Operates from premises owned by the shareholders, available on a freehold or leasehold basis.
Current owners open to being retained in an advisory capacity, subject to further negotiation.
Offers Invited
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