PRICE REDUCED - NOOSA WITH BREATHTAKING VIEWS - ID 8225
$1,990,000
Resort / Holiday management rights, Noosa Heads QLD
Sunshine Coast Management Rights For Sale
Welcome To Your New Business Venture!
- Family friendly accommodation with great repeat bookings
- Fully equipped 1, 2 or 3 bedroom apartments
- A few minutes to Noosa Main Beach, Hastings Street and Noosa Junction
- Quiet street location with no traffic noise
- Newly renovated swimming pool and BBQ area
- Low maintenance tropical gardens
- Private off street parking
- 2 bedroom manager's residence with new kitchen and bathroom
- High net profit
This is a rare opportunity to buy a business that hits the sweet spot for investors looking for a quiet complex within close proximity to Noosa Main Beach that also provides for affordable family and group bookings. A strength of the business is their repeat bookings year in, year out.
Whether you are entering the Management Rights industry for the first time or want to expand your portfolio, this business provides a very good opportunity that is hard to find in the present market.
Net Profit: $276,000
Asking Price: $1,990,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $1,990,000
- Net Income: $ 276,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 870,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.1
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?