Exceptional opportunity to acquire Management Rights in Labrador | Resort Brokers ID : MR008059
$3,438,000
Resort / Holiday Management Rights, Labrador QLD
ResortBrokers presents a remarkable opportunity to acquire management rights for Sandcastles on the Broadwater, a premier holiday destination in Labrador, Gold Coast.
Beyond a business, it offers a harmonious mix of profitability, lifestyle, and prime location. With a robust Net Operating Profit of $546,429 and an 80%+ occupancy rate, the property showcases its popularity and efficient management.
Nestled on the Gold Coast broadwater, its sought-after location near the beach, water sports, and theme parks ensures a steady stream of guests. Operating under a secure Accommodation Module with a generous 23-year tenure, it provides stability, complemented by an appealing Body Corporate Salary of $185,516.
The management rights include a spacious manager's residence, offering comfort for managers. Sandcastles on the Broadwater is an easy-to-run establishment, ideal for those seeking a profitable business without the demands of a larger resort. After seven successful years, the retiring owners present a rare chance to continue this success in a profitable, well-located, and easy-to-run Gold Coast holiday accommodation business.
- Substantial Net Operating Profit of $546,429.
- Steady holiday trading with occupancy rates consistently above 80%.
- Prime position on the Gold Coast broadwater.
- Secure investment with long-term Accommodation Module.
- Robust Body Corporate Salary of $185,516.
- Spacious manager's residence with additional office on title.
- Easy-to-manage duties including gardens and pool.
- Resort-style amenities including pool, spa, and modern BBQ area.
- Inspections by appointment only.
Date updated: 28 Apr 2024 23:00:05
More Information
- Total Purchase Price: $3,438,000
- Net Income: $ 546,429
(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: 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?