Magnificent Mount Maunganui Accommodation BusinessListing: #HC00062
About this Business for sale in TaurangaMagnificent Mount Maunganui Accommodation Business
The Atlas Suites & Apartments is a 4 Star accommodation business nestled in the heart of Mount Maunganui - the village, beaches, cafes, shops, hot pool and Pilot Bay are all within a two minute walk.
There are 3 levels to this complex - the first is underground car parking and the remaining two levels are dedicated to accommodation. The configuration of the Atlas complex is superb with the first level zoned for tourism purposes - meaning you will always have a guaranteed (large) number of apartments in your letting pool.
- 34 Apartment complex and a healthy number of apartments in the letting pool
- A number of apartments guaranteed to be in Letting Pool
- Guest accommodation options range from studio to 3 bedroom
- Entry level management rights pricing
- Superb net profit!
- Established processes and systems in place
The Atlas Suites and Apartments business has a year in, year out, established turnover and bottom-line. The commanding tariffs coupled with the high return clientele numbers and the continued growth of the Atlas corporate business will make this a purchase option well worth considering.
This is a business only purchase - management rent an apartment on-site. Secure leasing (or purchase) options are available to new owners.
Contact me to discuss further or to arrange an inspection
+64 6 833 6636
+6427 223 3696
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.