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Exclusive - Waterfront Management Rights with $526K Net Profit
$2,400,000
Resort / Holiday management rights, Rosslyn QLD
Strong Returns, Long Agreements, and Unbeatable Island Views
HolidayManagement Rights for Sale
- Fabulous Waterfront Position overlooking Great Keppel Island and the Southern Great Barrier Reef
- Financial performance is exceptional with net profit $574,431 from this very well-established holiday Management Rights business
- Long 25-year agreements with 20 years remaining
- Body Corporate Salary $113,720 (incl. GST)
- Resort facilities include lagoon pool with bar, garden area for weddings and functions plus paddleboard and bike hire
- Total Units in the complex 56 with onsite letting comprising 42 holiday rentals plus one permanent rental making a total of 43 in the pool. Only 5 resident owners with balance 8 separate commercial businesses including licensed Restaurant, conference facilities, beauty spa and yoga centre which are attractive options for visitors.
- Great Keppel Island improvements currently being undertaken include installation of new de salination and sewerage plants plus construction of a new visitor centre which will greatly enhance visitor experiences.
- Rosslyn Bay Harbour is the gateway to the spectacular Keppel Islands and the Resort is only a short walk to the major ferry terminal servicing the islands.
- Attractive reception area including separate office is adjacent to the Managers 3-bedroom residence which also offers private outdoor courtyard plus upstairs balcony with great ocean views.
- Yeppoon is a classic beach town experiencing major growth and a very good selection of Tourist attractions including new restaurants, bars and cafes.
In summary Rosslyn Bay Resort is very a robust business with a strong reputation in a fabulous waterfront location and a very attractive option for prospective purchasers.
The total offering includes the Managers Real Estate at $650,000, with business priced at $1,750,000 bringing the total price to $2,400,000.
Net Profit: $574,431
Asking Price: $2,400,000
More Information
- Total Purchase Price: $2,400,000
- Net Income: $ 574,431
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.0
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?