Established Rooming house rental business – Newcastle area

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Description

Located in Newcastle, the business operates as a rooming house rental operation providing accommodation to multiple tenants. Over time it has developed relationships with regular customers and referral sources in the surrounding suburbs. The operation benefits from demand for affordable shared accommodation, helping maintain consistent activity throughout the year. The business has been operating for around 13 years and currently works with approximately 7 staff members supporting daily operations and service delivery. Annual revenue is reported at approximately $659,000 with estimated net profit around $214,000. A new owner could potentially expand the customer base through additional marketing or broader service coverage. The opportunity may appeal to an owner‑operator seeking an established business with existing systems already in place.

  • Opportunity for growth with marketing
  • Reliable supplier relationships
  • Repeat customer base
  • Consistent demand throughout the year
Reason for Sale
Family commitments mean the owner can no longer dedicate the time required.

Financials

Annual Revenue
$
659000
Years Operating
13
Number of Employees
7
Owner Involvement
Owner Operator

Location

Contact Listings Owner Form