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LARGE INTEGRATED RESORT BUSINESS located in NSW Snowy Mountains | Resort Brokers ID : MR008399
Expressions Of Interest
Permanent Management Rights, Crackenback NSW
ResortBrokers is delighted to exclusively present to market the accommodation letting business of Lake Crackenback Resort&Spa, to be offered under an expressions of interest campaign.
Offered to the market for the first time in 22 years, this is a rare opportunity to acquire an award-winning 4.5-star resort business in an imperishable tourist location.
This all-season destination draws hikers, nature lovers, and mountain bikers in summer and Snowsport enthusiasts in winter to Thredbo and Perisher snow resorts, both within close proximity. Lake Crackenback Resort&Spas calibre and scale positions it to hugely benefit from visitation to the Kosciuszko region, which welcomes over 2.1 million holidaymakers a year.
This large integrated resort complex of 165 properties, with 110 units currently under the resorts management, has a capacity of 368 guests. The resort developer has a DA for another 16 lots, which, once built, will add to the resorts letting inventory.
- 110 properties under management: varies at times
- Total guest capacity: 368
- Franchise: Accor (Novotel) can be offered with or without branding
- Management Rights Tenure: 10 yearsperpetual agreement
- Caretaking: The grounds are maintained by a private contractor under supervision of the strata company
- Reception/Shop and Housekeeping building secured by a lease arrangement
- Inspections by appointment only
- Net Profit for sale purposes: 2 year average - $1,129,384
-Price Guide: $4m- $4.4m
- Offers to be submitted by 5pm on Friday 20thSeptember 2024
Date updated: 24 Nov 2024 22:00:03
More Information
- Total Purchase Price: Expressions Of Interest
- Net Income: $ 1,000,082
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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