Paradise Found! Your Dream Business Awaits on the Gold Coast - ID 8122

$1,645,000

Resort / Holiday management rights, Labrador QLD

Holiday Management Rights For Sale
Multiplier only 3.75 on total net exceeding $265,000

- Separate office, exclusive use
- Spacious and bright 2 BR managers unit with large patio
- Supportive and proactive body corporate
- No set hours in agreements
- Great location on the Gold Coast Highway and only 50m to the broadwater
- All apartments are airconditioned and all have individual balconies
- 5 km from Surfers Paradise

Easy to run business on the northern end of the Gold Coast located between the Gold Coast Highway and the Broadwater. A great destination for family holiday makers, close to lots of amenities with transport at the front door. With a total net profit in excess of $265,000, a separate office detached from the residence and a supportive body corporate, this a secure business for anyone seeking an accommodation business in the lucrative Gold Coast market.

Net Profit: $265,511
Asking Price: $1,645,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $1,645,000
Net Income: $ 265,511 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.7
_{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.}

Letting Business

Letting Pool: 22
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 20
_{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: 42
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 61,700
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 20 years
_{How long is the caretaking contract.}

Agreement Remaining: 18 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 32 years
_{How long has the management rights existed.}

Office Hours: No set hours
_{Required Office Hours}

Complex Features: Swimming pool, Spa, BBQ, Security parking, Storage, CCTV, Broadband, Wi-Fi

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 650,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 0
_{Is there a manager's office included on the title?}

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

Unit Features: The managers residence is well presented and offers two bedrooms and two bathrooms, The residence is air conditioned and includes a balcony along with a large patio area, There is allocated parking for one vehicle, A pet is permitted with Body Corporate approval, Exclusive use office detached from the residence.