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PROFITABLE MANAGEMENT RIGHTS BUSINESS - BEAUTIFUL RAINBOW BAY
$1,615,000
Resort / Holiday management rights, Coolangatta QLD
Beautiful Rainbow Bay... the Gold Coast's best kept secret.
This exceptional Management Rights complex is situated perfectly in the spectacular and tightly held Rainbow Bay at the southern tip of the Gold Coast. This easily run Management Rights complex is in the heart of Rainbow Bay and just a short stroll to the cafes, restaurants, clubs and shops of Coolangatta & Tweed Heads.
This area is host to major sporting events, concerts and home to world renowned surf breaks, Rainbow Bay is a popular destination for travellers and holiday makers.
The Apartments offer guests a peaceful and relaxing holiday with the excitement of all the Gold Coast has to offer just minutes away.
Priced to sell, the business is being offered at a low multiplier and is easy to run with no set office hours, the perfect work life balance complex. To complement the business is a fantastic 2-bedroom residence all priced to meet the market.
- Priced to sell
- Great location
- Strong repeat business
- Full 25 year agreement in place
- No set office hours
- Net Profit $221,798
Call now to arrange an inspection.
More Information
- Total Purchase Price: $1,615,000
- Net Income: $ 221,798
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.9
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?