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Exclusive Management Rights Opportunity at Premier North Queensland Resort
$3,300,000
Resort / Holiday management rights, Palm Cove QLD
Nestled in the picturesque Palm Cove, this premier resort presents a unique opportunity to acquire management rights to a well-established and profitable business. Its idyllic location, exceptional facilities, and long-term agreements make it an extremely rewarding investment for discerning buyers. The resort's strong financial performance and operational efficiency underscore its popularity and potential for further growth.
This investment offers numerous benefits, including a high net profit and supplementary income with potential for further enhancement. Situated in a prime location in a desirable holiday destination, the resort boasts exceptional facilities that cater to diverse guest needs. Growth opportunities abound, such as enforcing short-term stay zoning and expanding bar and caf services to the public, note the caf has only been operating for the last couple of months and not reflected in the P/L. The long-term security provided by the management agreements and the comfortable on-site living arrangement for new owners add to its appeal.
With an impressive net profit of $656k per annum which includes a body corporate salary of $17,181 per month which is due to increase in February 2025. The resort presents a lucrative financial opportunity. Moreover, the resort is currently run under management, providing opportunities for further growth and efficiency improvements.
The managers residence is a spacious and attractive three-bedroom, two-bathroom unit with a car space and easy access to the resorts facilities. With 20 years remaining on the accommodation module, it offers long-term security.
This property stands out as a premier investment in Far North Queenslands hospitality sector, offering a blend of bespoke comfort and financial success.
Net Profit: $656,042
More Information
- Total Purchase Price: $3,300,000
- Net Income: $ 656,042
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 3.8
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?