High Net Holiday Business on The Gold Coast - ID 8800

$8,700,000

Resort / Holiday management rights, Greater Gold Coast Region

Holiday Management Rights For Sale
Net Income of $1,200,000

- Presently run by a consortium, ready to sell after many years
- Ocean views form the large 2 bedroom manager's residence
- The manager's apartment is listed at market price
- Supportive and proactive committee
- High salary, above $200,000
- Financials include wages and workcover expenses of over $100,000
- Growth potential with over 20 lock up apartments
- Storage and linen room on title, plus additoanl exclusive use areas
- Holiday resort with all the facilities - heated pool, sauna, tennis court etc
- 14% return on total investment (including manager's real estate)

A spectacular opportunity to operate an iconic high net business on the Gold Coast, the premium holiday destination in Australia.

Net Profit: $1,200,000
Asking Price: $8,700,000
(Inclusive of Manager's Real Estate)

Confidentiality Conditions Apply

More Information

Financial Overview

Total Purchase Price: $8,700,000
Net Income: $ 1,200,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,500,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 6.0
_{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: $ 240,000
_{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: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

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

Complex Features: Full resort facilities

Real Estate Component

Manager's Unit: 2 1

Included Real Estate: $ 1,500,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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: Renovated residence, 2 bedrooms, 1 bathroom, Secure and enclosed car space, Fabulous views