Drastic Price Reduction in The Heart of Noosa - ID 9087
$945,000
Resort / Holiday management rights, Noosaville QLD
Sunshine Coast Management Rights For Sale
Great Opportunity to Grow This Management Rights Business
Owner says sell - buy the real estate and pay off the business in the first year, with this multiplier of only 1.2
- Great location on "The Sound" leading to Hastings Street Noosa.
- Two complexes under management provide good solid salary.
- Owner couple can improve business (currently run by manager and gardener).
- Grow the letting pool with 12 units currently with outside agents.
- Quality managers 2 story townhouse with private garden & street access.
- Good net profit with low business multiplier at 1.2.
Secure a piece of Noosa real estate with business attached.
Net Profit: $113,969
Asking Price: $945,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $945,000
- Net Income: $ 113,969
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 805,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 1.2
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?