MASSIVE $300,000 PRICE CRASH IN MIAMI! - ID 8260

$2,475,000

Resort / Holiday management rights, Miami QLD

Holiday Management Rights For Sale
Huge Potential Upside

- Vendor needs a quick sale for personal reasons
- 21 years remaining on agreements
- Body Corporate salary of $121,889 + GST
- Renovated 2 bedroom manager's residence with office on title
- 4.5 multiple, overall 15% ROI including residence
- This holiday business is only a stones throw from the beach

An enthusiastic new operator could potentially increase the net profit by $80,000, and possibly more, thus increasing the capital price of the business by over $350,000 based on todays market.

Net profit $377,876
Total price $2,475,000
(Inclusive of manager's real estate)

More Information

Financial Overview

Total Purchase Price: $2,475,000
Net Income: $ 377,876 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 775,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.5
_{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: 38
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 16
_{Number of units resided in by their owners.}

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 16
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 71
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 121,889
_{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: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 36 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Heated swimming pool, Spa, Security parking, Storage, Cable TV, Wi-Fi, CCTV

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 775,000
_{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: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Spacious two bedroom apartment, Two bathrooms, Recently renovated with new kitchen and flooring, Single car accommodation, Outdoor verandah, Walk to the beach, Office attached and on title.