Proudly supported by all of the industry's leading brokers
Lifestyle business with upside right on the sands of Blacks Beach, QLD | Resort Brokers ID : MR007408
$1,495,000
Resort / Holiday Management Rights, Blacks Beach QLD
This tightly-held resort on the beachfront is ready for a new owner for the first time in 23 years. The property has consistently strong occupancy rates and generates a solid net profit with the stability of a substantial body corporate salary.
The resort has much potential for revenue growth through recommissioning the restaurant/commercial kitchen and conference room or by putting your touch on the underutilised area.
Comfort Resort Blue Pacific is your opportunity to acquire coastal management rights in a highly sought-after area with proven systems supported by Choice Hotels.
Contact us today for more information.
- Opportunity to grow revenue
- Solid management salary underpinning the investment
- Beachfront location with sea-views
- Long-term agreement in place with 23 years
- Consistent high occupancy and repeat clientele
- High net profit and very supportive body corporate
- Member of the Choice Hotel Brand
- Property inspections are by appointment only
Date updated: 22 Nov 2024 22:00:02
More Information
- Total Purchase Price: $1,495,000
- Net Income: $ 301,392
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?