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Poor Health Requires A Quick Sale of this Business Only
3.25x Multiplier
Permanent management rights, Fortitude Valley QLD
This business has been priced very realistically based on all relevant factors. The role is caretaker of the 7 levels of residential apartments, plus the 2 semi-basement car parking levels. Additionally, the property management component, at best, is a very low-demand role, just a matter of staying on top of the tasks.
Some highlights include:
> Inner City - Walk anywhere easily.
> Business Only, no real estate.
> Occupation Authority Office Area on Level 3.
> No office hours.
Email greg@ today to obtain the Business Profile and Holmans Verification report.
More Information
- Total Purchase Price: 3.25x Multiplier
- Net Income: $ 103,746
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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