Urgent sale, Owners relocating, Port Douglas MR, $160K np, 2.25x multiplier | Resort Brokers ID : MR008073
$950,000
Resort / Holiday Management Rights, Port Douglas QLD
Ti Tree Village Resort is being offered as a must-sell opportunity to a buyer who is looking to enter the market for the first time or looking to add another business to their portfolio.
Currently being run under management after the owners have relocated to South East Queensland, there is tremendous scope for a new owner to breathe new life into the business and increase net profit considerably.
The property features a 4 bedroom, 2 bathroom home with a separate bedroom also attached to the office. The property boasts all the necessary resort facilities including a tennis court, in-ground pool and adjoining BBQ facilities.
This is an outstanding opportunity for the astute buyer. Dont delay your enquiry as this property MUST be sold.
- Large Net profit of $160k at a multiplier of 2.25x
- Very spacious four bedroom, two bathroom home with valuation to support sales price
- No requirement to live on site
- Scope for salary review
- Newly elected supportive committee
- Easily maintained lawns and gardens
- Two minutes walk to Four Mile Beach
- Office/reception on title with spare bedroom above office
- 21 years remaining on agreements
- Inspections by appointment only
Date updated: 28 Apr 2024 23:00:05
More Information
- Total Purchase Price: $950,000
- Net Income: $ 160,368
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 590,000
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?