Gold Coast Holiday Management Rights with $439k Net Profit
$3,500,000
Resort / Holiday management rights, Surfers Paradise QLD
Positioned directly across from the beach, a unique opportunity awaits to acquire the management rights for this luxurious resort. The holiday letting pool includes of 21 spacious self-contained apartments all offering stunning ocean views.
The resort features an array of amenities including both indoor and outdoor heated pools, two relaxing spas, sauna, full size tennis court, BBQ areas, gymnasium plus free secure underground parking, ensuring guests enjoy a complete holiday experience.
The renovated managers apartment boasts two spacious bedrooms and a modern bathroom, with the potential to add a second bathroom by utilising a portion of the back office without compromising work space. Additionally, a large separate office is included on title, providing an ideal workspace in paradise.
This management rights business includes a generous body corporate salary of $239k with a scheduled increased due in August. Coupled with this is a healthy 22 years on the agreements this resort ticks all the boxes.
With a substantial net profit, an excellent body corporate renumeration and long-term agreements in place, this management rights opportunity is simply too good to overlook. This is your chance to secure the lifestyle and financial rewards you have been waiting for.
Net Profit: $439,501
More Information
- Total Purchase Price: $3,500,000
- Net Income: $ 439,501
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
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?