ISLAND SEA CHANGE + HIGHLY SUCCESSFUL HOLIDAY BUSINESS | Resort Brokers ID : MR008202
$1,950,000
Resort / Holiday Management Rights, Point Lookout QLD
This island resort business boasts a consistently high net profit circa $300k backed by a substantial $132k Body Corporate salary and underpinned by long-term 17-year agreements (topped up to 22 years upon sale). The Body Corporate is highly supportive, fostering a harmonious working relationship this, coupled with the fact that there are no set office hours, provides a flexible work-life balance.
Delivering a fantastic return on investment, this business is an easy-to-run resort-style complex, making it an attractive proposition, great for a dynamic couple looking for an island sea change at an iconic holiday destination.
- Secured by long-term agreements
- Easy to run resort style complex
- Highly supportive body corporate
- Iconic island location
- Low-maintenance, beautifully established grounds
- Spacious reception/office area
- Manager's unit is a 3-bed, 1-bath semi-detached townhouse
- Inspection by appointment only
Date updated: 05 May 2024 23:00:08
More Information
- Total Purchase Price: $1,950,000
- Net Income: $ 300,878
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 825,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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?