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No Requirement To Live Onsite - ID 7912
$930,000
Resort / Holiday management rights, Surfers Paradise QLD
Holiday Management Rights For Sale
ROI 19%
- Holiday letting on Chevron Island
- Managers unit currently rented for $38,457 (NOT included in net profit)
- Walk to beach, restaurants, and shops
- Quiet location, VERY popular with holiday makers
- Ample upside as current managers are not hands on
- A busy, budget building with potential to increase tariffs
- Supportive and proactive committee
A terrific holiday business for newcomers to the industry. Because there is no need to live on site, locals can continue living in their own home, work roughly 30 hrs per week.
Net Profit: $133,916 (PLUS $38,457 for rental of managers unit)
Asking Price: $930,000
More Information
- Total Purchase Price: $930,000
- Net Income: $ 133,916
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 460,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.5
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?