www.aubizbuysell.com.au/106233
Ad ID: 106233

Capsule Hotel for Sale Sydney

Enquire about this "Capsule Hotel for Sale Sydney" opportunity on aubizbuysell

Capsule Hotel Sydney CBD

Location:
Asking:
$600,000

Why buy this Capsule Hotel Business

Capsule Hotel for Sale Sydney Asking: $600,000

Capsule hotels were developed as a way for budget travellers to have somewhere safe and affordable to sleep. Over the years capsule hotels have remained popular but the experience of staying in one has dramatically changed, with pod hoteliers competing to provide guests with the most stylish and luxurious experience.

This hotel is located right in the heart of Sydney, just a few minutes from Central Station and light rail network and with Chinatown on your doorstep.

It has 10 rooms and in total 100 modern single and double bed capsules with a choice of the upper or lower capsule on different levels. Each capsule is equipped with the latest technology, including LED mirror light, ceiling light, reading light, and multiple USB ports. Accessed using a private key card, the capsule allows guests to control the air ventilation and store small personal items in an in-capsule safe. The guests are guaranteed to have a comfortable and safe experience throughout their time here.

The rent is close to $500K annually but it is reasonable considering the location. Sales revenue was more than $1M before Covid and the profit to the owners was $400K plus.

During Covid, the business suffered a lot but survived and broke even due to the government subsidy and landlord\'s rental discount.

With the ease of Covid restrictions, the business has been picking up since March 2022 and this recent May 2022\'s occupancy rate has achieved amazingly to 85%.

Now is the perfect time to invest.
For more info
Contact: Barton Cha

Barton Cha

0478 824 168
Business Brokers Network Australia
Broker Ref: 12923.1

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