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HUGE PRICE REDUCTION - BEST BUYING ON THE GOLD COAST
$2,900,000
Resort / Holiday management rights, Burleigh Heads QLD
This Management Rights business ticks all the boxes.
The outstanding Burleigh Heads holiday complex has a high level of repeat business with the same guests rebooking their family holidays year after year. All apartments boast spectacular beach and ocean views and is only a short stroll to some of the best cafes and restaurants on the coast.
The building presents beautifully, has fabulous facilities and with all management systems in place a new owner can simply build on the success of the business.
- Top beach front location
- Major building works recently completed
- No set office hours
- Great facilities
- Strong repeat business
- Walk to some of the best cafes and restaurants
- High Net Profit $518,503
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More Information
- Total Purchase Price: $2,900,000
- Net Income: $ 518,503
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 990,000
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
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?