Proudly supported by all of the industry's leading brokers
High performing&solid Management Rights business in beautiful Mission Beach | Resort Brokers ID : MR007564
$720,000 negotiable
Resort / Holiday Management Rights, Mission Beach QLD
This is a fantastic opportunity to secure a perfect lifestyle business whilst also earning a strong income. Perfectly positioned a short stroll to the beach in the growing region of Mission Beach in Tropical North Queensland, this Management Rights property is secure with 23-year agreements.
This opportunity provides the ultimate lifestyle/work balance - contact us today.
- Easily managed by a two-person team
- 23 years left on agreements
- Forward bookings through until 2026
- Office/reception on title for ease of access
- Strong repeat corporate clientele
- Quick two-minute stroll to the beach
- No set office hours
- High Net profit of $190k for sale at a multiplier under 3x
- 13 units in letting pool with dual key of 26 rooms
- Property inspections are by appointment only
Date updated: 22 Nov 2024 22:00:02
More Information
- Total Purchase Price: $720,000 negotiable
- Net Income: $ 190,423
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 300,000
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?