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Commercial Property For Sale. Management Rights - Queenstown

LISTING DETAILS
Firms For Sale ID:
31412
Vendor reference:
14971
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$985,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
The Managers of Best Western Cranbury Court Apartments in Queenstown offer their business (Cranbury Court 2000 Limited) for sale as well as the ancillary chattels, necessary to run the business.

The business owns the exclusive management rights to 21 individually owned apartments. Included in the sale are the Managers‚?? freehold apartment, laundries, storage facility and office, as well as the equipment necessary to run the business and ancillary chattels.

Best Western Cranbury Court Apartments in the heart of Queenstown comprise twenty one 1, 2 and 3 bedroom serviced apartments and is widely recognized in the tourism industry as a very comfortable, mid-price range, well managed accommodation complex.

Each apartment is well equipped with full kitchen including dishwasher, washing machine and drier, TVs, sound system and DVD player.

Best Western Cranbury Court is a member of the Best Western chain, the world‚??s largest hotel/motel chain.

This membership provides bookings from all around the world, and the right for Best Western members to earn and redeem Best Western Reward points.

Best Western Cranbury Court is the only Best Western member in Queenstown.
Other affiliations are the Motel Association of New Zealand (MANZ) and the Tourism Industry Association (TIA).

Best Western Cranbury Court attracts visitors from around the globe, but in particular Australia, USA and increasingly Europe, predominantly family groups for which the apartments are ideally suited.

The Managers have an ongoing contract with a major Australian wholesaler who provide constant bookings all year round.

With increasing numbers of bookings via the business‚?? website at full retail rates and the ability to sell last minute inventory through the third party websites (ie. Wotif, Booking.com etc), good occupancy can be achieved.

Cranbury Court has been managed to a very high standard. This was reflected in our annual Quality Assurance assessment conducted by Best Western Australia.

We received an outstanding achievement by scoring 978 (out of 1000) and are now on ‚??Good Standing 1‚?Ě status.

We were also awarded a Certificate of Excellence for 2011 and 2012 from Trip Advisor.

Asking price is + GST if any