Look no further - 20% ROI and 2.6 multiplier

$995,000

Resort / Holiday management rights, Cairns City QLD

Budget friendly well managed stable business with attractive easily maintained grounds.
Great flexibility of room type. The fifteen apartments in the letting pool are dual key, providing 30 keys.
Good wholesaler networks in place and high volume of longer term Corporate clients.
Located on the Bruce Highway, this excellent, well built property was opened in the 1990s and comprises 3 buildings, a salt water pool, tennis court, secure parking, also complemented by shady gazebo and BBQ area.
The business provides all the best features of the industry and astute operators will wish to view.
Manager is approved to reside offsite and if buyer elects to do so and rent the 2 units, this would then provide considerable additional income over and above the net profit shown.
Manager pet okay.
Motivated Vendors of seventeen years, are ready to retire.
Opportunities abound in this property which is currently showing 20% plus return on overall Investment and a low market business multiplier of 2.6 x the net profit.

Contact Calvin today for further information and to arrange your inspection.

More Information

Financial Overview

Total Purchase Price: $995,000
Net Income: $ 188,951 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 500,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 2.6
_{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.}

Letting Business

Letting Pool: 15
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 13
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 28
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 56,961
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: 9.00 - 5.30 Mon - Fri, 9.00 - 3.00 Sat/Sun
_{Required Office Hours}

Complex Features: Salt water pool, BBQ area, Free WiFi, tour desk, undercover parking, tennis court, E scooters.

Real Estate Component

Manager's Unit: 4 2

Included Real Estate: $ 500,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 4

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Includes Lots 30 31 â comprising 2 lower floor Units 217m2 including 4 bedrooms, full kitchens and living areas plus private courtyard. Also included Office and 4 Garages on title.