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High Growth Area on the Gold Coast over 16% Roi
$995K MR&$650k Unit = Total $1.645M
Resort / Holiday Management Rights, LABRADOR QLD
Enviably located on prime coastal land, directly opposite the sparkling waters of a world-famous Broadwater, is the opportunity to secure the Management Rights to one of the Northern Gold Coasts' most impressive short-stay resorts.
Boasting a high net profit of $282,000, backed by a solid BC salary of $61,700 with 20 years remaining on the agreements, this lucrative business provides superb security of tenure complemented by a Two-bedroom, two-bathroom, two-car manager's residence.
Opportunity beckons for the right people to continue growing this cracking business while enjoying the Coastal lifestyle it delivers.
- Unparalleled location - direct ocean views
- Room to grow and add value via R&M + increasing letting pool
- Strong BC salary and high net profit
- Lifestyle flexibility - no set office hours
- 2 bed, 2 bath, 2 car manager's residence with separate office on title
- Consistent performing business
- Fantastic business in high demand growth area
- Excellent Body Corporate rapport and support
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $995K MR&$650k Unit = Total $1.645M
- Net Income: $ 282,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?