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Business Only in Prime Noosaville Location
$390,000
Resort / Holiday management rights, Noosaville QLD
For the first time in over a decade, the management rights for this well positioned complex in the heart of Noosaville are up for grabs. Tightly held by the current managers, this profitable business only offering is easily managed by a single operator, perfect for those new to the industry. There's also plenty of room for growth and expansion for savvy operators to increase net profit.
ROI and currently featuring 11 apartments in the letting pool, there's plenty of potential to increase the ADR and generate even more revenue and further opportunity to grow the letting pool.
With easy-to-manage common facilities and a prime location right next to the river, this complex is perfectly positioned for success.
Don't miss out on this chance to own and operate a thriving business in one of the most desirable locations on the Sunshine Coast.
Key Highlights
- $65,562 plus GST Body Corporate salary
- Great bolt on business
- No requirement to reside onsite
- Opportunity to grow letting pool
- Short term letting
- Easy-to-manage common facilities
- Positioned for success
- 11 apartments in the letting pool
More Information
- Total Purchase Price: $390,000
- Net Income: $ 149,101
(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: 2.6
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