Short-term rental management | 13 properties in Mechelen
Financial data
GSB NV operates 13 properties in Mechelen, consisting of two company-owned buildings with a total of 7 units (Albert and Albertine) and six leased apartments (the Astrid portfolio) through short-term rentals.
Together, these generate annual revenue of more than €280,000.
The operation has been running for seven years and is highly automated: self-check-in, minimal staff, and a stable Booking.com reputation.
The owner is retiring.
There are two possible acquisition scenarios.
Scenario 1
Just the properties: a standard real estate sale of Albert’s (€449,000) and/or Albertine’s (€499,000) properties from the company.
See Immoweb 21414609 and 21414672.
GSB Short Stay will remain active after the sale, albeit in a significantly scaled-down form.
Scenario 2
Properties and operations: both properties plus the entire business assets (Albert, Albertine, and the Astrid portfolio).
Price: €948,000 for the properties + €50,000 for the business operations.
Acquisition via shares of GSB NV is possible.
In that case, the buyer also assumes the existing investment loans, bringing the equity value after the transfer of the remaining projects to approximately €600,000.
The main business involves the short-term rental of guest accommodations, spread across two adjacent properties and six rental apartments, all located near the Mechelen train station.
The entire operation has been optimized to ensure maximum comfort for both guests and owners:
- Automated operations: use of a self-check-in system, eliminating the need for physical presence upon arrival or departure.
- Management: daily operations (administration and cleaning) require an average of just a few hours per day.
Online presence: strong reputation and excellent reviews on Booking.com and other booking channels.
In recent years, the current manager has deliberately chosen to minimize workload rather than maximize profits.
Although the company is already highly profitable, there are still various opportunities for growth:
- Direct bookings: increasing margins by developing an in-house booking platform (lower commissions to third parties).
- Dynamic pricing: further optimization of occupancy rates and prices during peak periods and events in the region.
Online reputation could be even better than current scores with a more proactive approach
For a more proactive entrepreneur, there are therefore concrete opportunities for improvement available in terms of occupancy rates, price optimization, and online reputation.
Along with an extensive list of minor improvements still to be implemented. The foundation is in place, but follow-up is not being fully utilized.
Unique features
- Proven concept: 7 years of successful operation with stable revenue and a steady stream of customers
- The perfect work-life balance: Complete freedom in the mornings and evenings thanks to self-check-in.
- Ready to go: fully operational from day one, no ramp-up period, short learning curve
- Economies of scale: two adjacent buildings with 7 accommodations and six apartments under a single management
- Strong online reputation: excellent reviews on Booking.com
- Supervised transfer
- Growth potential: from minimizing current workload to maximizing profits
- Location
- Mechelen, Antwerpen
- Legal form
- Sole proprietorship
- Number of employees
- 1
- Customer type
- B2B (Business to Business), B2C (Business to Consumer)
- Active since
- 2017
- Real estate included
- Yes
- Translated from
- Dutch
- Disclaimer
- Takeover market is not responsible for the content. Please check for accuracy and completeness.
