Resort in popular holiday location, offering both lifestyle&income | Resort Brokers ID : MR008066
$1,672,000
Resort / Holiday Management Rights, Rainbow Bay QLD
ResortBrokers presents the opportunity to acquire the management rights of the Rainbow Bay Resort, offering an enviable lifestyle and a profitable business venture in an extremely desirable holiday location, attracting a solid client base and plenty of repeat business
The residence boasts a huge private wrap-around backyard overlooking the ocean, complete with a court-yard along with two bedrooms and two bathrooms, perfect for a small family.
The manageable size of this complex makes it ideal for a solo operator or a two-person management team. Long-tenure agreements further contribute to this business' appeal along with a healthy $220k+ Net Profit which includes a solid BC salary circa $43k. The supportive and friendly Body Corporate further enhances the ease of operations.
- Manageable property size with 24-holiday units, 18 in the rental pool
- Medium rise building in a popular Southern Gold Coast location
- High-quality fully self-contained holiday units with large balconies providing ocean views
- Ground floor 2-bed, 2-bath manager's residence with private outdoor living
- Immaculately maintained building with dedicated office/reception
- Excellent facilities - heated pool, spa, sauna, showers/change rooms, undercover BBQ area
- Inspections are by appointment only
Date updated: 28 Apr 2024 23:00:05
More Information
- Total Purchase Price: $1,672,000
- Net Income: $ 220,133
(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?