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Southern Area - Remuneration / Net Profit at 82%, Net Profit $181,000
$1,960,000
Permanent management rights, Eight Mile Plains QLD
This management rights business offers a highly stable and secure income, with 82% of total revenue derived from remuneration and net profit. The business generates a net profit of $181,000, including:
- $149,000 remuneration, adjusted annually in line with CPI or a minimum of 3%
- $32,000 letting pool commissions
The business component is priced at $980,000.
Key Features
- Prime Southern District Location
Situated in the sought after Eight Mile Plains area.
- Strong Income Structure
82% of revenue from remuneration and net profitideal for buyers seeking stability.
- 20 Years Remaining on Agreement, Simple to manage.
- No Office Hours Required
Flexible lifestyle with no onsite office obligations.
- No Requirement to Live Onsite
- Managers Residence
+ Single storey home on a 324 m lot
+ 3 bedrooms, 2.5 bathrooms, office, single garage + one driveway parking spot
+ Two additional reserved parking spaces
+ Located in the Runcorn State High School catchment
+ Priced at $980,000
- Convenient Location
Close to M1, M2, M3, Eight Mile Plains and Garden City Westfield Shopping Centres, and local schools.
Total Package
$1,960,000 for both the business and the managers residence.
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: $1,960,000
- Net Income: $ 181,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 980,000
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?