Whale Watching anyone?
$2,352,000
Resort / Holiday management rights, Urangan QLD
NET PROFIT UP - SEE DETAILS BELOW
This favorite Hervey Bay Holiday Complex overlooks Fraser Island, the Great Sandy Straits and the Marina from where all Whale Watching vessels depart. The resort is positioned in a beautiful quite location on the esplanade in the Marina precinct. Nestled among lush tropical gardens exuding an atmosphere of peace and tranquility and just a stones throw from the Marina bars, club, shopping, beaches and restaurants where fine food will titillate even the most discerning palette.
All the self catering apartments are fully air conditioned with large furnished balconies, bi fold doors that open the width of the living area to bring the outside in, all have large fully equipped kitchens and private laundry. Lift to all levels, keyless entry and undercover secure parking. Heated lagoon style pool and spa, large undercover BBQ area.
This business is run by one couple. One office staff member has been employed for the entire time this couple has owned the business, allowing the couple to enjoy free time for golf and other activities. Talking to the staff member she is keen to stay and also regularly stays over to allow the Owners to travel and enjoy the lifestyle that this business allows. The business also has a number of regular contract cleaners working for them.
The Occupation Authority over storage rooms is an absolute bonus, providing the operators with linen cupboards and additional storage rooms on each level, this business is truly streamlined and easily run. Storage cage has also been added to the tandem car space with one park fully enclosed providing secure storage area for personal items.
The business currently runs at over 70% occupancy and that is before the international tourists return, which is an upside in this business. The business sale also comes with an online Tour Booking Website that generates additional commission sourced from bookings other than just resort guests. In the most up to date Profit and Loss figures to 31 March 2022 Tours have contributed $21,244 to the net profit. Projected figures to 30 June 2022 indicate nearly $30,000 in commissions. Very much a silent earner!
NEWS FLASH ----- AS AT 31/12/2022 TOUR BOOKINGS CONTRIBUTED $51,563 TO NET PROFIT ------- NET PROFIT INCREASED TO $424.138
The resort is a favorite place for families and wedding groups and supported by a No Party Policy (Guest to be off the Balconies by 10pm) to the benefit for all guests. Forward bookings continue to be strong with communication from international travelers starting to increase.
Please contact the listing agent to obtain further information and to book your personal inspection.
More Information
- Total Purchase Price: $2,352,000
- Net Income: $ 424,138
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 660,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.0
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?