Visit this listing at https://www.sbx.com.au/business?id=SF1649FMT

Business Code: SF1649FMT

Key Features: Boutique Hotel - Air B&B - Price dropped from $448K (Business Name not included)

State: NSW

Suburb: Darlinghurst, 2010

Location: Located in Sydney’s 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

Description

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.

Summary

  • 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 today's challenges - Training can be provided
  • 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.
  • Premises: Modern style 4 storey brick and concrete construction boutique hotel with a total area of 470 sq.mts.
  • 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:

Weekly Summary

Weekly Takings (inc GST)

$13,000

Cost of Goods

$500

Gross Profit

$12,500

Rent

$3,147

Wages

$800

Outgoings

$40

Telephone

$15

Insurance

$67

Electricity

$140

Gas

$83

Misc1

$650

Total Expenses

$4,942

Estimated Stock (Additional)

$2,000

Net Profit

$7,558

Price

$248,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Hotel - Accommodation - Leasehold - Motel - Air B&B

Business Code: SF1649FMT
Price: $248,000
+ Estimated SAV $2,000

Key Features: Boutique Hotel - Air B&B - Price dropped from $448K (Business Name not included)

State: NSW

Suburb: Darlinghurst, 2010

Location: Located in Sydney’s 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

Description

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.

Summary

  • 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 today's challenges - Training can be provided
  • 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.
  • Premises: Modern style 4 storey brick and concrete construction boutique hotel with a total area of 470 sq.mts.
  • 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
  • Sale Reason: Opening another larger hotel
  • 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.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$13,000

Cost of Goods

$500

Gross Profit

$12,500

Rent (ex GST)

$3,147

Wages

$800

Outgoings

$40

Telephone

$15

Insurance

$67

Electricity

$140

Gas

$83

Misc1

$650

Total Expenses

$4,942

Estimated Stock (Additional)

$2,000

Net Profit

$7,558

Price

$248,000
+ Estimated SAV $2,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.