FOR SALE
644382
The UK's serviced accommodation sector is a thriving industry valued at over £20 billion, with an impressive annual growth rate of 15-20%. London, in particular, stands out for its premium corporate housing market, which boasts exceptional valuations thanks to its distinctive features and reliable revenue streams. Premium serviced accommodations in London surpass mass-market alternatives, offering higher margins and nightly rates, ranging from £150 to £280, compared to £50 to £150 for standard options. Corporate clients typically enjoy longer stays, averaging between one to four weeks, in stark contrast to the brief two to three-day visits of tourists. Additionally, corporate clients display significantly less price sensitivity and face minimal seasonal fluctuations.
This market's success hinges on several key factors reflecting its strong demand and operational efficiency. For instance, approximately 65-70% of clients are from corporate sectors, relying on well-maintained properties complemented by a dedicated cleaning and maintenance team with five years of experience. The integration of advanced software for booking and guest management ensures a seamless experience, while an extensive client list of over 500 businesses underscores the agency's strong market presence.
Exceptional Property Features
The serviced accommodations available include 15 luxury furnished properties located across London, Kent, and Essex, each designed with high-end furnishings and original artwork. These properties feature modern kitchens equipped with essential appliances and ample storage, alongside elegant living spaces offering stylish furnishings and comfortable seating arrangements. Natural light flows through bright and inviting interiors, enhancing the overall guest experience. Bedrooms are thoughtfully decorated to promote comfort and relaxation, and the convenient locations ensure easy access to local amenities and attractions.
Business Opportunity and Financial Overview
The agency operates from a solid foundation, having been established for six years, and currently includes 15 leasehold properties in prime locations. With an asking price available upon request, the business reports a current turnover of £610,000, supported by an annual rent of £336,000 and a profit margin of £199,500. All stock is included in the price, providing further value to prospective buyers.
This award-winning business model operates with both B2B and B2C elements, making it a versatile option for new owners. A comprehensive exit strategy and training opportunities will be offered to ensure a smooth transition for the next owner due to the current owner's personal reasons for selling, including relocation to care for aging parents. The agency maintains a robust online presence, essential for attracting additional clientele.
Altogether, this opportunity outlines not only a profitable business but also an established brand with consistent monthly service volume and a loyal corporate client base. Access to a CRM system further enhances operational efficiency, making this an enticing prospect for any investor looking to enter or expand in the serviced accommodation market.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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