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SOLID MR BUSINESS AT A MULTIPLIER OF 2.3x NET PROFIT IN EXCESS OF $200K | Resort Brokers ID : MR008032
$772,500
Resort / Holiday Management Rights, Cairns North QLD
Oasis Inn Holiday Apartments are the perfect asset for new comers into the management rights industry, or for the seasoned operator looking to expand their portfolio.
Current owner has been in place since 2014 and has built a consistently profitable business with continued high occupancy.
Centrally located between the Cairns CBD and airport, this business caters to tourism and also has a steady flow of corporate and governmental contract stays. An outstanding value on offer here!
- 23.5 years remaining on agreements
- 2.3x multiplier on net profit of $205k
- Return on total investment of 27%
- No set office hours in agreements
- Schedule of charges in Form 6's subject to annual inflation increase
- Ongoing refurbishment - all units were painted in 2020/21
- Council zoning prohibiting permanent occupancy
- Solid repeat holiday/corporate clientele
- Inspection by appointment only
Date updated: 15 Dec 2024 22:00:02
More Information
- Total Purchase Price: $772,500
- Net Income: $ 205,448
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 300,000
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?