Terrific Business But Unforeseen Circumstances Dictate A Sale
$1,100,000
Resort / Holiday management rights, Port Douglas QLD
North Queensland Holiday Management Rights Business For Sale
Having enjoyed fifteen years in Port Douglas, our vendors have decided to return south to family and a well-earned retirement. This business has been their sea change and they have made the most of their opportunities, made a lot of new friends lived the dream in one of Australias most desirable tropical playgrounds.
Their business enjoys the best of locations at the quiet end of the main street and less than 100m to the white sands of Four Mile Beach amidst tropical palms and lush gardens. Guests can walk everywhere or simply relax in their apartment or around the pool.
The apartments are very tastefully furnished, each with its own character and style and as the configuration varies the needs of guests, whether for singles, couples or families are well catered for. The business has traded consistently with many guests seeking to return year after year such are the facilities and the location.
Body Corporate agreements offer 20 years remaining with the option to top-up as required.
The managers apartment is well situated offering two bedrooms and two bathrooms with direct access to the guest reception facility also on title.
As it has been for our vendors, this business is well suited to a single or couple looking for a consistent, easily managed complex that offers an excellent return on investment. Having enjoyed the fruits of their effort for many years, the vendors are being very realistic in setting their asking price. They have decided to sell and the business is priced to attract your interest and response.
We suggest you enquire and arrange to come up and inspect without delay. The way tourism is going in Port Douglas, the opportunity to secure a good business like this and at this price, may not last.
More Information
- Total Purchase Price: $1,100,000
- Net Income: $ 268,013
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 450,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 2.4
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?