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Net Profit $492K | 77% Wage Share | No Office Hours | 23 Years Permanent Management Rights Business for Sale
$3,341,000
Permanent management rights, Deception Bay QLD
Business Highlights
Flexible Operation
-No Fixed Office Hours
Stable Income Structure
-Net after-tax salary: $380,225/year, with annual CPI increases
-Salary comprises 77% of total income, ensuring highly stable and low-risk revenue
-Managing 49 long-term rental units
-Total annual net profit: $492,153
Pool water maintenance
-Body corporate appoints pool shop to test and apply chemical for the pool water
No other facilities
Managers Residence
-Spacious Villa featuring 3 bedrooms, 2 bathrooms, and a separate office,, double garage, two reserved parking spots, Solar
-Generous block size of 217 sqm
-Asking price: $880,000
Sale Price & Investment Summary Item Amount
Business Price $2,461,000
Managers Residence $880,000
Total Price $3,341,000
DISCLAIMER
The agent gives notice that:
1. The figures and information disclosed in this Information Memorandum are provided by the vendor. All intending purchasers are to make their own enquiries and assessments as to the accuracy or otherwise of the information supplied by the vendor.
2. It must be noticed that agent has no access to full sets of accounts or legal documentation for verification purposes. No liability for the information will be accepted by the agent and parties should make their own investigations as to the accuracy of these figures and information.
More Information
- Total Purchase Price: $3,341,000
- Net Income: $ 492,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 880,000
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?