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CreResort Management Rights Near Bargara Golf Club
$1,645,130
Resort / Holiday management rights, Bargara QLD
EXCLUSIVE TO CRE BROKERS. This is a first class Boutique Resort adjacent to Bargara Golf Club and beachfront and just a stone's throw from local cafes and restaurants.
The complex has everything on the traveller's checklist: pool, gym, tennis court and across the road from the beach. This is a smooth running business, ready for a new operator.
TOTAL NUMBER OF UNITS : 30
UNITS IN LETTING POOL : 14 plus two part-time
NET PROFIT : $304,000
MANAGER'S RESIDENCE : 3 bed ensuite-spa, second bathroom and attached office and reception
REAL ESTATE PRICE : $580,000
BUSINESS PRICE: $1,065,130
TOTAL ASKING PRICE: $1,645,130
More Information
- Total Purchase Price: $1,645,130
- Net Income: $ 304,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 580,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.5
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?