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Serviced Apartment for Sale in Drvenik Veli, Croatia

For Sale: 16 fully equipped apartments with pool, and sea view in Croatia.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Limited Liability Partnership (LLP)
Reported Sales USD 230 thousand
Run Rate Sales USD 230 thousand
EBITDA Margin 40 %
Industries Serviced Apartments
Locations  Drvenik Veli
Local Time 3:25 PM Europe / Ljubljana
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 2.06 million (Native Currency: EUR 2,000,000)
Reason: The project is complete and ready to be sold.
Includes physical assets worth USD 2.06 million
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Business Overview
- We are selling fully equipped apartments with a sea view on Robinson island Drvenik Veli.
- With renting of apartments investment could be repaid in 12 years or even sooner.
- The apartments are ready and can be rented immediately.
- Serviced apartments were built in the year 2020. And we started renting apartments in the year 2021.
- These apartments can be rented for a minimum of 100 days per year.
- We have 16 apartments and each can be rented out between 140 EUR to 180 EUR per day (apartment for 4 persons).
- That means if we calculate 140 EUR per day x 16 apartments x 100 days = 224,000 EUR of revenue per year.
- The yearly expenses are around 70,000 EUR.
- 8 apartments have 50 sqm of area and the other 8 apartments have 60 sqm of area.
- Altogether the built-up area is 880 sqm. The land area is 1,800 sqm.
- We are only selling the apartments and not the entire company.
- Business has 5 equal partners.
- One of the business owners is from Slovenia but the apartments are in Croatia.
- Company does not have any outstanding liabilities.
Products & Services Overview
Renting 16 fully equipped apartments in Croatia, Drvenik Veli.
Assets Overview
Physical assets include land and the building of 16 serviced apartments.
Facilities Overview
The land has 4 houses and each house has 4 apartments and a pool. The total apartment area is 880 sqm and the land area is 1,800 sqm.
Capitalization Overview
Not Disclosed
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3 Buyers viewed this Business this month. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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