Vendor Says Sell - Multiplier Under 3 - ID 9064
$1,500,000
Permanent management rights, Surfers Paradise QLD
Permanent Management Rights For Sale
Supervisory Agreements (Contractors do most of the gardens)
- Permanent rentals
- Potential upside if new managers are prepared to do some hands on work
- Full resort style facilities including 2 pools, 3 tennis courts, gym, extensive gardens and much more
- First time to the market in 10 years
- Supportive and proactive committee
- Riverfront location withing walking distance of Main Beach
- Large 2 bedroom manager's residence with private courtyard
- Reception and office on title (Body Corporate pays all office expenses)
- Onsite after hours security
Prestigious highrise Management Rights business set in magnificent grounds and gardens on the banks of the Nerang River. Gardeners, cleaners and contractors are all employed by the Body Corporate, the manager's role is supervisory. An enthusiastic new manager is able to quote on any of these tasks to secure additional income if required. The large two bedroom residence is adjacent to the office and overlooks an expanse of lawn an tropical gardens.
A wonderful place to live, a wonderful place to work.
Net Profit: $177,164
Asking Price: $1,500,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,500,000
- Net Income: $ 177,164
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,000,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.8
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?