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Iconic Bagara Resort Business & Freehold for Sale - ID 9099
$1,399,999
Resort / Holiday management rights, Bargara QLD
Holiday Management Rights for Sale
Your Gateway to Southern Great Barrier Reef
Iconic Bagara management rights business and associated freehold commercial space (no residential unit), for sale for the first time in 19 years! Situated close to the coral coast that is just a short boat trip away.
- Huge upside and money maker for hands on operator
- Long accommodation module agreements
- No residential unit to buy and no requirement to reside on-site.
- Your choice where you live, but a fantastic spot to work and a solid business.
- Potential to significantly increase food and beverage business.
- Zoned tourism accommodation only. (No owner occupiers)
- Healthy body corporate salary to assist with cashflow.
- Includes, reception building, restaurant, bar, kiosk, and conference room.
- Rare commercial functions area ideal for weddings, reception, and guest service.
- 3 difference function areas, seating for up to 80 guests
- Easily able to cater for weddings.
- Eco Certified Tourism. Bordering a nature reserve working with the local Landcare group
- Swimming Pool (Heated in Winter Months) with a Childrens Wading Pool.
- Tennis Court and Games room plus 5.5 Acres of Cartwheel Space.
- 3 x Coach Parking. Under Cover Parking, Boats & Trailers Welcome
- Security Cameras for ease of management
Only 4 hours by road or rail or alternatively a 40 minute flight north of Brisbane and all the conveniences of a family holiday resort, Kellys Beach Resort, is the ideal place to stay to experience what Bundaberg & The Southern Great Barrier Reef has to offer
Take it easythat's the motto here in Bargara and at Kellys! With 41 self-contained and standalone holiday units on 5.5 acres of gardens with a Licensed Restaurant, Pools, Spa, Sauna, Games Room, Tennis Court, BBQ areas, Kiosk & Tours Desk, it is almost impossible not to!
The Resort is wonderfully located by a nature reserve just one block from Kellys Beach, the main swimming beach in Bargara, so you have the benefit of being close to the beach as well as being protected from the main road by a natural creek & forest area.
Net Profit: $378,357
Asking Price: $1,400,000
(Inclusive of manager's real estate)
For further information or to arrange an inspection of this Management Rights business for sale contact:
Management Rights Broker
Michael Philpott
More Information
- Total Purchase Price: $1,399,999
- Net Income: $ 378,357
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 270,000
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?