Management Rights

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The Management Rights Market (Page 7)

Buying Management Rights, Selling Management Rights, market outlook, etc

In: General Interest, The Management Rights Market

Contributed By: Resort Brokers on

Industry experts will field questions from guests eager to pursue opportunities in the Management Rights sector at a gathering to be presented by ResortBrokers on the Gold Coast at the end of April. Designed to assist newcomers to the industry, the ‘Management Rights Made Easy’ evening will be the latest in a long-running program of popular events conducted by ResortBrokers in the coastal tourism and lifestyle hotspot. Hosted at the Arundel offices of accommodation software specialist Hirum, the event gathers industry experts from various professions to share their extensive experience. New and intending building managers will enjoy quizzing the specialists in a relaxed forum thatRead More →

In: The Management Rights Market

Contributed By: Wesley Venz of Venz Management Rights Buyers Agency on

Ten years of experience, or one year of experience ten times over? While many people claim to be experts or specialists in their chosen profession, how can you know if they really are? Maybe they have been doing the same job year after year, but have not become any more knowledgeable or accomplished than when they first started. There is competition in every industry, but there has never been more than there is now in management rights. Currently listed on the service directory of on-site manager, there are 51 law firms, 33 accountancy practices, 23 financial institutions, and 59 real estate agencies. How many individualsRead More →

In: Body Corporate, The Management Rights Market

Contributed By: Resort Brokers on

AN investment syndicate formed with the express aim of gaining a foothold in the Gold Coast’s lucrative management rights industry has secured a premium Main Beach apartment business off-market in a $4 million-plus deal just settled. Specialist accommodation sector agency RESORTBROKERS confirmed it had successfully concluded the sale of the Pacific Views Resort management rights based on a 6-times multiplier. “A group of investors had already been assembled so we were able to go to the vendor with a syndicate and operating partner ready, which meant we had it under offer within less than a fortnight,” said RESORTBROKERS’ Todd Warner, who negotiated the deal withRead More →

In: Motels and Hospitality, The Management Rights Market

Contributed By: Chris Rowe of Accommodation Business Brokers on

With mining booms every few years, the fly-in-fly-out (FIFO) or drive-in-drive-out (DIDO) market also booms. Those who own accommodation properties in key areas will benefit during the boom times. Townsville is one such location. About FIFO/DIDO workers FIFO workers come from all walks of life and operate in most industries. Most FIFO workers fall into the 35-54 years age group. Jobs for FIFO workers are diverse: health worker, road train operator, kitchen worker, metallurgist, mine planning engineer and solar farm workers. Although FIFO workers exist in many sectors, it’s in mining that the phenomenon has become known. Most mines are located in remote areas orRead More →

In: The Management Rights Market

Contributed By: Chris Rowe of Accommodation Business Brokers on

If you are planning to sell your accommodation business, you want the process to run as quickly and smoothly as possible. Here are some essential steps you need to take if you want to ensure a fast business sale. 1. Mindset Plan well in advance A successful sale requires careful planning. It’s essential to start preparing as soon as possible once you have made the decision to sell your tourism business. This will give you time to put all the necessary steps in place to make your business an attractive prospect. Change your mindset, make yourself redundant As the owner of a successful hospitality business,Read More →

In: Accounting and Finance, The Management Rights Market

Contributed By: Mike Phipps Finance on

Rules are interesting. Some think the more rules the better while others subscribe to the school of discretionary decision making. I am a fan of some common sense latitude in most decision making processes, particularly those involving the individual merits of a finance application. It is true that many cry out for absolute certainty in all things finance. Problem is, hard and fast rules will inevitably gravitate to a lowest common denominator environment where we will all be compelled to walk as slow as our slowest borrower. Have a look at some of the people giving evidence at the banking commission and I would proposeRead More →

In: Body Corporate, Legal, The Management Rights Market

Contributed By: Short Punch & Greatorix on

Some time ago I published an article on what I thought was reasonable for a Body Corporate to request from a buyer of management rights, in considering whether or not a Body Corporate committee should consent to the transfer of management rights agreements to the buyer. This is an important issue, because under the Body Corporate and Community Management legislation, a Body Corporate committee must not unreasonably withhold approval to a transfer. Under the legislation, one of the matters which a Body Corporate committee may have regard to is the financial standing of the proposed transferee.  My opinion as expressed in my previous article wasRead More →

In: Motels and Hospitality, The Management Rights Market

Contributed By: Chris Rowe of Accommodation Business Brokers on

Travel-based accommodation venues like Caravan Parks, Backpackers, Motels, Hotels and Holiday Resorts are in high demand across Australia. To ensure you receive the best price when selling your accommodation business and have a smooth experience from beginning to end, follow our recommended steps. PHASE 1: PLAN Step 1. Understand the value of your accommodation business Researching similar properties in your area will give you a rough indication of what your accommodation business is worth. But engaging an accommodation business broker early will help identify any strategic improvements that could have a significant uplift to your sales price. Step 2. Decide who will represent your saleRead More →

In: The Management Rights Market

Contributed By: Wesley Venz. Principle of Venz Management Rights Buyers Agency on

In today’s world, we all want instant access to information, especially when you’re looking to buy. So why do some agents advertise management rights businesses with as little detail as possible? In some cases, even with no photos or generic images of a beach and a café. We all know what the beach and a café looks like! What about the actual location? You all want to know at least the name of the suburb, such as the awfully specific and informative ‘Greater Gold Coast’ or ‘Central Sunshine Coast’. Have you ever heard of these? Because I certainly haven’t! The Cambridge English Dictionary definition ofRead More →

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