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Unbeatable & highly profitable waterfront self contained accommodation business.

$900,000 Offers over

Abbotsham, Tasmania

Unbeatable & highly profitable waterfront self contained accommodation business.

LINK Business is pleased to introduce prospective purchasers to an outstanding acquisition opportunity: Burnie by the Bay Apartments.

3D Virtual tour:

https://next-creative.captur3d.io/view/link-business-tasmania/burnie-by-the-bay

Offering self-contained apartments geared towards the discerning holidaymaker, but specifically targeted to the business and corporate traveller client segment, Burnie by the Bay Apartments has cultivated a successful business model.

 

The business operates with a vision of providing outstanding contemporary accommodation for the astute leisure and business/corporate travellers who seek the ultimate Cradle Coast experience. From Burnie by the Bay Apartments, guests can access Tasmania’s premier tourist landmarks, food and wine locations and the Tarkine.

 

The business is owner-operated by a husband-and-wife team and has demonstrated stable profitability approaching six years. This profitability has been achieved through high occupancy levels during the business’ high and low seasons, and even more notably during the recent COVID-19 pandemic, with an occupancy of 77% for the past 4 months.

 

Highlights:
• Loyal and returning valued guests
• Predictable profitable income structure
• 88%+ occupancy rate year around
• 68% occupancy during Covid-19
• 90% of guests are intrastate/Tasmanian travellers
• Work on 21 hours per week or average of 3 hours per day
• Unbeatable waterfront Location
• Average stay over 2 days+
• Excellent 5 star reviews & reputation
• Ideal relaxed lifestyle business
• Safe, secure investment, low maintenance

 

A comprehensive information memorandum has been prepared for this business as well as Accountant prepared financials. An inspection of the business is highly recommended.

For more information, please book a confidential discussion with;

Mark Bent
Phone: +61 3 6135 4446
Mobile: +61 0417 357 037
Email: Mark.bent@linkbusiness.com.au

Farzin Hesari      
Phone: +61 3 6135 4446
Mobile: +61 0401 009 469
Email: farzin.hesari@linkbusiness.com.au

The purchaser to make his/her own investigations and enquiry in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.

We look forward to supporting your enquiry. 
Ref: TA00170
Timestamp: 20201125080042

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Last updated: 25th November 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Abbotsham
State
 Tasmania
Price
$900,000 Offers over
Category

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    Contact

    Farzin Hesari