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MR Resort Business 30+ Return
Expressions of Interest Circa $2.5m
Resort / Holiday management rights, Port Douglas QLD
Are you ready to live the dream of running a successful business while basking in the tropical sun of one of the most popular holiday destinations in Australia? This opportunity is perfect for anyone looking for a business that offers multiple secure streams of income, not just rental and a further $370,000 plus in Body Corporate salary.
The Management Rights of this established resort property in Port Douglas is an absolute gem that is ready to be taken to new heights. With top-class resort facilities and a wide range of accommodation options, you'll be able to cater to the needs of tourists from all over the world. And the best part is, you'll be able to do it all on your own terms, with no set office hours and no residential obligation to live on site or purchase real estate, unless you wish to do so.
This business is already generating up to an impressive $850,000 return in the last two years, and there is still enormous potential for growth. With over 40% of investors in the complex and only 20% currently in the manager's pool, there is plenty of room to expand your business and increase your profits. And if you need additional capital to make that happen, the vendor is willing to discuss a silent investment of up to $1.0m with the right buyer, as family issues are forcing the sale.
Location is key in the tourism industry, and this property is located in one of the most desirable destinations - being Port Douglas. Just a short stroll from the iconic Four Mile Beach, your guests will be able to soak up the sun and enjoy all that this idyllic destination has to offer. With over nineteen years left to run on agreements, you can be confident that your investment is secure and that your business will continue to thrive.
Don't let this once-in-a-lifetime opportunity pass you by. Take control of your future and become the proud owner of this thriving business in paradise. Expressions of Interest are invited.
Confidentiality conditions apply, so contact Calvin today to discover how you can turn your dreams into reality.
Call exclusive agent Calvin Bailey for full property details.
More Information
- Total Purchase Price: Expressions of Interest Circa $2.5m
- Net Income: $ 755,000
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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