Outstanding business, prime waterfront location and highly desirable work/life | Resort Brokers ID : MRB007500
$1,355,000
Resort / Holiday Management Rights, Tea Gardens NSW
Dreaming of an exciting new lifestyle, where you can live and work by the water? ResortBrokers brings to market the successful management rights business of the Boathouse Resort Tea Gardens, ideally located in a beautiful NSW coastal town only 2.5 hours from the Sydney CBD.
The Boathouses' 4-star rated accommodation is complemented by its impeccably presented grounds and resort-style guest facilities, ensuring repeat clientele and strong forward bookings.
This successful business is offered with 28 out of the 33 units in the letting pool at settlement, 21-year Letting and 10-year Caretaking Agreements, and no requirement to live onsite or purchase real estate, providing true lifestyle flexibility.
Be quick to secure this incredible business!
- Incredible work/life opportunity
- Solid, healthy Net Profit of circa $314k
- Prime waterfront location in Tea Gardens, NSW
- Solid repeat business and consistent clientele
- Close to a golf course, schools, shops, and beaches
- Outstanding resort facilities and large, well-presented rooms
- No requirement to live onsite and no real estate to purchase
- Additional unit are added to the pool upon the sale, increasing the Net profit
- Property inspections are by appointment only
Date updated: 28 Apr 2024 23:00:03
More Information
- Total Purchase Price: $1,355,000
- Net Income: $ 314,500
(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?