Business Only No Office Hours
$436,800
Permanent Management Rights, TWEED HEADS NSW
Are you an existing operator or a local business owner in the Management Rights industry looking to expand and add more scale to your portfolio?
Then this is the perfect standalone or add-on Management Rights business opportunity.
Easily managed by one person, this Management Rights opportunity doesn't require the purchase of real estate, making it a business-only proposition that is sure to impress. This Management Rights business yields an impressive +$104k net income with a manageable set of caretaking duties. It includes a solid letting pool consisting of 17 units and 37 owner-occupiers with topped-up agreements.
Located centrally in the Southern Gold Coast/Northern NSW region, this Management Rights business is within walking distance to all amenities. Beaches, cafes, and the airport are all just a 10-minute drive away. In today's market, business-only Management Rights investments are in high demand, and this could be the opportunity you've been searching for to enhance and expand your current Management Rights business."
More Information
- Total Purchase Price: $436,800
- Net Income: $ 104,000
(actual)
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: 4.2
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?