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147669 / Rightbiz
DIGITALLY LED SERVICED APARTMENT OPERATOR WITH A PROFITABLE PORTFOLIO – BASED IN THE SOUTH EAST
Financial Highlights:
Forecast to achieve a turnover of £1.79m in YE26, with an adjusted EBITDA of £197k.
Generated a turnover of £1.81m in YE25, with an adjusted EBITDA of £101k.
Overview:
The company is a digitally led Serviced Apartment operator, with a current portfolio of 37 apartments in seven towns in the South East.
The company’s target clients are companies or corporate travellers seeking good quality short-term or medium-term serviced accommodation.
The purpose of the company was to fill the niche in the market between hotels and standard 12-month Shorthold Tenancies, supplying flexible serviced accommodation from one night to one year.
Key Highlights:
The company has seen organic growth, and holds 37 properties at present.
The company is run entirely under management, headed by a General Manager and supported by a Guest Services Manager, Property Manager, and Financial Controller. The shareholder plays no part in the day-to-day operations of the company.
Substantial opportunities for further growth, such as expanding geographical reach, providing add-ons and joint venture deals.
Daily occupancy rate of around 80%, higher than the regional average.
Enjoys a high rate of retention for both landlords and clients with numerous relationships in place since inception.
The head office is based in the South East and is leased from a private landlord.
Most key clients are medium-sized corporate organisations from a variety of industry sectors including Oil and Gas, IT, Construction, Logistics and Aviation.
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
Get Solicitor
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