Lifestyle and Location! Permanent Management Rights - ID 9055
$1,000,000
Permanent management rights, Runaway Bay QLD
Management Rights For Sale
Workload is suitable for a single operator.
- Easy living in this low set 3 bedroom home with attached office
- Low maintenance grounds and gardens easily handled by 1 person
- Rental pool of 11 with 10 external agents for growth if motivated
- Solid salary of $89,146
- Onsite salt water pool and hardstand tennis court
- Standard Module agreements with no set hours
- Good black and white agreements with plainly set out duties
- Centrally located close to schools, Harbourtown and other amenities
- Ideal for a first time operator orr downsizers looking to slow down
If you have been looking for a way to secure your future and pay off your mortgage then look no further.
Well maintained complex in central location close to shopping, schools and the M1.
Suitable for a single operator allowing your partner to sustain external work if necessary.
Plenty of upside for a handy person or motivated operator.
Net Profit: $89,146
Asking Price: $1,000,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,000,000
- Net Income: $ 110,000
(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: 3.2
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?