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Rare Wynnum Business Only Management Rights - $101k+ net profit | Resort Brokers ID : MRB008523
$549,000
Permanent Management Rights, WYNNUM QLD
ResortBrokers offers a rare opportunity to acquire 'Baytrees', a business-only management rights asset in Wynnum.
With a strong net profit of $101,375 and over 86% income derived from Body Corporate Salary, it promises a stable revenue stream.
The 21+ years agreement term ensures long-term security. The manageable portfolio of 11 letting appointments makes it an ideal single-person operation.
The vendor's retirement presents a unique opportunity for local operators or industry newcomers, so won't last long!
- Business-only management rights opportunity in the coveted Wynnum/Manly area
- Strong net profit of $101,375, a testament to the business's financial strength
- Majority of income is derived from Body Corporate Salary, ensuring a stable revenue stream
- Long-term security with 21= years remaining in a 25-year agreement
- Annual Body Corporate Salary increase of 3.5%, enhancing the investment's growth potential
- Caretaking-focused business with a manageable portfolio of 11 letting appointments
- Single-person operation due to manageable duties, offering operational efficiency
- Strategically located in a secure complex, enhancing the asset's appeal
Date updated: 24 Nov 2024 22:00:04
More Information
- Total Purchase Price: $549,000
- Net Income: $ 101,675
(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