Look no further - Top ROI and 2.6 multiplier

$995,000

Resort / Holiday management rights, Woree QLD

Budget friendly well managed stable business with attractive easily maintained grounds.
Great flexibility of room type. The fifteen apartments in the letting pool are dual key, providing 30 keys.
Good wholesaler networks in place and high volume of longer term Corporate clients.
Located on the Bruce Highway, this excellent, well built property was opened in the 1990s and comprises 3 buildings, a salt water pool, tennis court, secure parking, also complemented by shady gazebo and BBQ area.
The business provides all the best features of the industry and astute operators will wish to view.
Manager is approved to reside offsite and if buyer elects to do so and rent the 2 units, this would then provide considerable additional income over and above the net profit shown.
Managers pet okay.
Motivated Vendors of seventeen years, are ready to retire.
Opportunities abound in this property which is currently showing 20% plus return on overall Investment and a low market business multiplier of 2.6 x the net profit.
Consider these advantages -
Asking price $995,000 with reported net profit $188,951, implying a low market business multiplier of 2.6 times net profit.
Current overall investment reportedly returns more than 20 percent when including the owner apartment valuation.
Manager apartment valued at $500,000 is on title, comprises 4 bedrooms, 2 bathrooms, 4 car spaces, office and 2 lower floor units totalling 217 m2, offering significant asset value within the sale.
Manager can reside offsite and the two manager units could be rented, providing a clear, actionable opportunity to increase cashflow above reported net profit.
Fifteen apartments in the letting pool are dual key, providing 30 lettable keys, enhancing flexibility of room configuration and revenue per booking.
Strong wholesaler relationships and a high volume of longer term corporate clients indicate established distribution and stable occupancy sources.
Complex comprises 30 units total, with 15 in the letting pool, 13 owner occupied and 2 manager units, allowing predictable operating structure and owner occupancy options.
Long accommodation agreement originally 25 years with 24 years remaining, providing tenure certainty for ongoing operations.
Property is located on the Bruce Highway, consists of three buildings built in the 1990s, with secure parking and accessible road exposure.
Onsite amenities include a salt water pool, tennis court, shady gazebo and BBQ area, and Wi Fi, supporting guest appeal and ancillary revenue.
Manager remuneration / body corporate salary $56,961 with CPI annual review, clarifying ongoing employment cost structure.
Motivated vendors of 17 years are ready to retire, indicating potential for a timely sale and negotiable terms.
Estimated ROI is 38.17% on the business.
Contact Calvin today for further information and to arrange your inspection.