Accommodation Business - Easy To Run - Highly Profitable

Description

Business type: co-living accommodation

Location: Perth inner-city suburbs, Western Australia

Areas include: Leederville, Mount Lawley and Northbridge

Occupancy

Lodgers: approximately 90 to 120 year-round

Occupancy: high

Customers

Working holiday makers: established

FIFO workers: established

Students: established

Young professionals: established

Operations

Operating systems: established

Cleaners: established

Contractor network: established

Owner hours: approximately 20 to 30 per week

Cash flow: positive

Relationships and reputation

Property owner relationships: long standing

Brand reputation: established

Property management standards: established

Growth

• Add additional properties
• Increase accommodation capacity
• Expand into other inner-city suburbs

Transition

Business status: turnkey