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Beautiful Golden Beach Caloundra!
$1,995,000
Resort / Holiday management rights, Golden Beach Qld
After enjoying the lifestyle, the location and the role as Holiday Manager, the sellers are moving into the retirement phase and are wanting to sell this great Golden Beach, Caloundra management & letting rights business.
With a net operating profit of in excess of $300,000 for the last 12 months, this would be a very rewarding for a couple looking to change the pace, change the view-line!
The complex is built over 10 floors and the current managers engage room cleaners and linen hire services - a very standard operation of outsourcing these aspects. The 18 in the letting pool is not a full-time role, with 17 being holiday and one being a permanent let.
Bookings for these types of business are 99% completed online via and other major holiday letting sites, directly by the guest. These sites have made the role of holiday manager simpler and much more straight forward, freeing up time!
Call Kaylene Walker on 802 to discuss, receive the Business Profile and P&L and to arrange an inspection.
More Information
- Total Purchase Price: $1,995,000
- Net Income: $ 326,624
(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: 3.6
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?