Well Performing Holiday Letting Business
$1,250,000
Resort / Holiday management rights, Jubilee Pocket QLD
For sale is this terrific holiday letting management rights business that has consistently performed well for the vendors for well over a decade. During that time the business has attracted awards and continually expanded its market, now attracting an excellent mix of domestic and international guests from around the world and this mix has underpinned business profitability through even the toughest times including the GFC a few years back and more recently, through the COVID era. The complex has been built and laid out in the best tropical design with two level accommodation in a garden setting surrounding a resort pool. There is a mix of studio, one and two bedroom apartments that offer flexibility for accommodating most travelling groups and individuals and the design with louvered window and air-conditioning provides a very comfortable stay in well-appointed rooms. There are 24 lots in total within the complex with 32 keys and this provides for a business that can provide seriously good returns to a couple managing the business. The facilities meet the expectations of guests and provide for families especially well.
The managers apartment offers comfortable two bedroom living with privacy and has direct access to the office which is on title.
Regrettably with the unexpected passing of one of our management team, our vendor is now having to sell up and move closer to family down south to enjoy a well-earned retirement. Consequently, a very realistic and attractive asking price has been agreed. Inspection is a must.
Also on offer is a separate investment apartment within the resort. Please inquire for details.
More Information
- Total Purchase Price: $1,250,000
- Net Income: $ 250,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 350,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.6
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
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?