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Health Issue Demands a Quick Sale
$990,000
Permanent management rights, Ferny Grove QLD
SELLING AT VALUATION:
Manager's Real Estate: $750,000
Management Rights Business: $240,000
Total Price: $990,000
As You Know Good Health Is Everything!!
The Seller has been running The Meadows for many years and now needs to sell the business and the real estate due to poor health concerns.
This is a single person business with only 11 under management and grounds that can be managed with regular work.
There is No Requirement to reside onsite.
There are No Office Hours.
There are No Set Hours to be onsite.
This would be perfect for a first time manager looking to change their life. The flexibility of the agreements allows you to live off-site, rent the villa and attend to the site as needed.
Highlights:
> As mentioned above no time requirements nor to live onsite.
> There's very little grass!
> You could simply buy this business and keep the current contract gardener, or say have him just do the hedging?
> The 11 under management is a very small demand on your time and easily handled.
Contact Greg today on 0407721335 for both a discussion and to receive the detailed IM and P&L.
More Information
- Total Purchase Price: $990,000
- Net Income: $ 79,735
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.0
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?