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SOUTHERN AREA - 4.6 MULTIPLIER REMUNERATION / NET PROFIT AT 78%
$1,375,000
Permanent management rights, Upper Mount Gravatt QLD
This business provides a unique and stable income structure, with 78% of total revenue derived from remuneration and net profit. The net profit stands at $116,821, with remuneration totaling $91,286, increased 3% annually . Letting pool management commissions bring in an additional $32,310. Business price: $545,000.
-Prime Location: Located in the sought-after Southern District
-Property Management Rights: 19 years remaining, simple to manage and maintain
-No living onsite Required
-Managers Residence: two-story home on a 187-square-meter lot, featuring 4 bedrooms, 2 bathrooms, and a double garage, priced at $830,000. The caretaker unit upstairs area (3 bedrooms, kitchen and lounge ) are rented out, generating an additional $45,000 per year (not included in net profit).
-Conveniently Located: Close to highways M1, M2, and M3, Westfield Shopping Center, and schools
Total Price: Business at $545,000 with a 4.66 multiplier, combined with residence for a total of $1,375,000.
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: $1,375,000
- Net Income: $ 116,821
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 830,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.7
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?