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Thriving Short Term Business In Cotton Tree
$1,200,000
Resort / Holiday management rights, Maroochydore QLD
Are you looking for an opportunity to own a successful easy-to-run accommodation business in the heart of the Sunshine Coast?
This boutique-style accommodation property is perfectly located just 150 meters from the beachfront in the popular holiday letting area of Cotton Tree, Maroochydore.
The building is in pristine condition and offers a range of 1 and 2-bedroom, fully self-contained apartments, all equipped with air conditioning, cable TV, secured parking, and balconies overlooking the heated mineral swimming pool and tropical gardens.
Priced very competitively this well established easy-to-run operation has long agreements in place and presents a great ROI.
This business could be run by one person, making it a great opportunity for a first-time manager or an experienced operator looking for a low-maintenance investment.
Don't miss your chance to own a thriving business in a sought-after location on the Sunshine Coast.
Key Highlights:
Long agreements
Great ROI
Low multiple
No set office hours
Easy to run business (could be run by one person)
3 bed 2 bath managers unit with large patio area
Office attached to unit and on title
Plenty of storage
More Information
- Total Purchase Price: $1,200,000
- Net Income: $ 206,031
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 590,000
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?