Beautiful Rainbow Bay
$1,432,000
Resort / Holiday Management Rights, COOLANGATTA QLD
Come and live in the beautiful Rainbow Bay with a short 2 minute walk to the beach (one block) from your very own 2 bedroom/2 bathroom apartment. Or the option to live off site is available. Put a caretaker in or a friend. This business would be perfect to put your older children in to live and you live off site and just come to work everyday. No Office hours so just come when there is work to be done and people to check in.
This successful and "steady" complex has an income of just over $196K. Repeat guests and the biggest 6 months they have ever had, it seems everyone wants to stay in Rainbow Bay. Walking distance to cafes and Coolie and Point danger. Rainbow Bay has a sense of community and all managers get together and help each other out. Lots of repeat guests and new, it has a very steady flowing income.
Current Managers are selling needing the flexibility to travel back and forth to NZ. The complex is set in a quiet little community in the heart of Rainbow Bay. No office hours required. They have a huge 6 months and it continues to be booked out. Priced at a 3.8 Multiplier $1432M
Come and check it out !! Kerrie Lush 93 or email
Unit is still undervalued and Rainbow is expected to increase in value.
More Information
- Total Purchase Price: $1,432,000
- Net Income: $ 196,570
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 685,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.8
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?