Rare management rights opportunity in the heart of the Gold Coast | Resort Brokers ID : MR007921
$1,990,000
Resort / Holiday Management Rights, Surfers Paradise QLD
This highly profitable business offers unmatched location and lifestyle benefits. With flexible management options and no residency requirements, it appeals to both commercial and residential buyers alike.
The perfect blend of proven financial success and an enviable lifestyle, with minimal risk and endless growth prospects. This enticing proposition is ideal for forward-thinking business owners and developers seeking immediate and long-term profit performance. Secure multiple lots in a collective agreement or set term format to boost profitability and secure future opportunities.
This is a truly unique chance to negotiate mutually beneficial terms with the vendor. Act now, as opportunities like this are extremely rare.
- No set office hours
- No requirement to live onsite
- Long 25 year term remaining
- Easy to operate by individual/couple/contractors
- All 3 Bedroom lots in scheme of 18
- 12 lots currently under managment
- Huge opportunity to secure up to 7 properties
- Great BC Salary with excellent NOP over $325,000
- Add $90-$100K gross for each unit purchased
- Potential to add up to $700K gross to business
- Inspections by appointment only
Date updated: 12 May 2024 23:00:04
More Information
- Total Purchase Price: $1,990,000
- Net Income: $ 325,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
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?