Cairns Night Markets is a thriving business attracting 2.7 million people annually through its doors, assisting greatly in attaining a high occupancy rate of 96% throughout the property.
Boasting an extremely large net profit in excess of $400k, this is a terrific opportunity for an operator seeking the benefits of a management rights business without the residential aspect involved from an accommodation point of view. As there is no residence to purchase, there is no residential requirement.
Additionally, there are no set office hours. The agreements require administrative duties only, with Body Corporate providing payment for cleaning duties. This is an outstanding business opportunity for a commercially minded person.
- Consistent year on year profit growth
- Body Corporate Salary in excess of $100k Net Profit
- Net Profit in excess of $400k
- Administrative duties only listed in agreements
- Body Corporate pay additional for cleaning duties
- Foot traffic through markets - 2.7 million annually
- 22 years remaining on agreements
- Income derived from Owner Occupiers and Tenants alike
- 96% occupancy
- Inspections by appointment only
