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Business Opportunity Cleveland 4163
Business Buy in
Permanent management rights, Cleveland QLD
Permanent Management Rights Cleveland, QLD
$350k Business Buy in
After 13 very rewarding and enjoyable years, the current operator is ready to retire. Therefore, they are keen to talk with prospective buyers. Is this you.or someone you know!
This purchase of Management Rights will provide you with a well-regarded, well-maintained unit complex ready for a new pair of hands to take over the reins. The low-maintenance gardens and grounds will allow a couple/single operator to easily keep the complex looking mint! (Up to 20 hours per week seasonal).
On offer is MR in secure gated complex located close to major arterial roads, trains and bus transport plus walking distance to your retail therapy and fabulous Raby Bay dining precinct and lets not forget the beaches! This 42-unit gem has a mixture of 3 bedroom low-set villas plus 3- and 2-bedroom townhouses.
Caretaking Agreement of 24 years now that is real security for your future!
The lifestyle and flexibility is ideal for couples looking to downsize whilst maintaining a steady income stream. Lets not forget young families seeking a high quality of life and a bonus of spending time with your young growing family.
The business by the numbers, currently:
11 units in rental pool (two are external)
4 outside agents- opportunity to add to rental pool
Extra potential income from Handyman and gardening activities for residents
Net operating Profit- $95k- verified by Industry Specialist Accountant
Business Price- $350,000
Managers Residence- $690,000
Total Asking Price- $1,040,000
Enjoy the peaceful bayside lifestyle while growing your own income and business at your own pace. Opportunities like this are raredont miss out!
Contact us today to arrange a private inspection and receive the full information package.
More Information
- Total Purchase Price: Business Buy in
- Net Income: $ 95,051
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 690,000
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?