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Pure Management Rights Business (Business only)
$740,000
Permanent management rights, Surfers Paradise QLD
A rare opportunity to acquire a well-established Management Rights business (business only). It offers a proven, low-workload model with a significant Body Corporate salary and untapped potential for future growth.
Financial Highlights:
Excellent Net Income: Reliable annual net income of $143,139.
Guaranteed Salary: Secure Body Corporate base of $117,877 for caretaking duties.
Significant Upside: Current profit from Salary and permanent lettings shows a clear path to increase revenue (see below).
Lifestyle & Operation:
Long-Term Security: Enjoy the peace of mind that comes with a long remaining contract term of 22.5 years on the Caretaking Agreement, ensuring business stability for decades.
Unmatched Flexibility & Freedom: There is no requirement to own an unit or reside in an unit within the complex. This allows you to live wherever you choose. Combined with no fixed office hours, you have complete control over your daily schedule and work-life balance.
"Easy to Manage" Proven System: The business has been successfully operated by a single staff for over 8 years, demonstrating a streamlined and efficient model with a genuinely low workload. Systems are in place for a smooth transition.
Growth Opportunity:
The business has run on permanent lettings for eight years, but its prime location and unit types are ideal for holiday letting. This presents massive potential. Transitioning to holiday lets can significantly increase rental income and fees, with all groundwork already complete.
Summary: This business delivers a high, secure income and flexible lifestyle today, plus a clear strategic path to dramatically grow profits tomorrow. Act now to secure this unique business
More Information
- Total Purchase Price: $740,000
- Net Income: $ 143,139
()
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