MANAGEMENT RIGHTS BUSINESS OUTSTANDING BUYING HIGH NET PROFIT
$925,000
Resort / Holiday management rights, Ballina NSW
PRICED TO SELL OWNER HAS COMMITTMENTS OVERSEAS
A great lifestyle business opportunity in a booming Far NSW North Coast location. Easy to operate letting business only with no caretaking duties, no requirement to live on site and no set office hours. 10 Units in the letting pool with 4 being dual key, giving a total of 15 units to let out.
This is outstanding opportunity to enter the management rights industry.
- Strong Returns
- No set office hours
- No requirement to live on site (office and reception to purchase only)
- Booming region
- Opportunity for existing business to operate as an add on
- Fantastic amenities
- Excellent location
- Net Profit $289,800
- OUTSTANDING BUYING AT ONLY A 2.35X MULTIPLIER ON A 2-YEAR AVERAGE NET PROFIT
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More Information
- Total Purchase Price: $925,000
- Net Income: $ 289,800
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 375,000
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?