$442,430 Net & $538,967 Salary - ID 8901

$2,790,000

Permanent management rights, Main Beach QLD

Gold Coast Permanent For Sale
Unlock Lucrative Business Opportunities and Increase Your Income

- Impressive net operating profit: $442,430
- Large body corporate salary: $538,967 plus GST with future CPI increase
- Very high percentage of Body corporate salary in total income.
- Office hours: Monday to Friday, 9:00 am to 2:30 pm
- Mobile phone contactable from 2:30 pm to 4 pm, Monday to Friday
- 9 outside agents and 60 lock-ups with huge growth potential.
- Numerous selling commission opportunities for income up-sizing.
- 10-year agreement which the seller will top-up to full term for the buyer with cooperative committee.
- Option to nominate someone to live on-site if business is under company control.
- Real estate package worth $360,000, including professional office, basement office, commercial kitchen, and garden shed.
- Super convenient location: restaurants and shops within 2 minutes' walk.
- Best high-end living area, close to the beach, shopping centre, and public transport.
- Peaceful and high-quality area on the Gold Coast
- Everything in good order and easy to handle.
- Tailor-made for high-return business seekers focused on making MORE money

Seize this golden opportunity today and secure your financial future! With a body corporate salary that forms a substantial portion of the business income, you can enjoy a stable and secured source of revenue, complete with a CPI increase. But that's not all. Imagine the immense potential for income up-sizing as you expand your rental pool and earn multiple substantial sales commissions. Opportunities like this don't last forever, so act swiftly to avoid any regrets. Don't wait another moment make the decision that could change your life.

Due to private reasons, the seller wants to reduce the price from $3,010,000 to $2,790,000 for urgent sale. What a Deal, What an opportunity!

Net Profit: $442,430
Asking Price: $2,790,000 NEGOTIABLE
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $2,790,000
Net Income: $ 442,430 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 360,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.5
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: TBC
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 538,967
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 0 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 24 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Swimming Pool, Spa, Sauna, BBQ, Full Tennis Court, Gym

Real Estate Component

Manager's Unit: 0 0

Included Real Estate: $ 360,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 0

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Large professional office with a modern reception area spanning approximately 20 square meters, a spacious basement office of about 40 square meters, a practical commercial kitchen covering 15 square meters, and a convenient garden shed spanning 20 square meters.