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Management Rights business for sale in Runaway Bay

  • Management Rights
  • Runaway Bay QLD 4216
  • $1,194,000 (GST na)

Business For Sale - UNDER CONTRACT - ID 7870 BL

- Permanent Management Rights For Sale
- Motivated Vendor
- Presently run by a single person
- Massive growth opportunity post Covid-19
- Holiday building but currently all permanent rentals
- Stable income during Covid-19
- Pet friendly
- Manager's residence is 3 bedroom plus office
- No requirement to live onsite
- No set office hours
- Would suit experienced operator

This is normally run as a holiday building, it has been converted to permanent letting during Covid-19. The income is now low but stable. Pre-Covid, the net profit to February 2020 was $190,327 (financials available). Now that all letting is permanent, vendor estimate of the current net profit is $140,000 which equates to a 4.35 multiple on the asking price. At $190,000 net, the multiple would only be 3.2! Lots of potential growth for an experienced operator.

Net Profit: $140,000 (vendor estimate)
Asking Price: $1,194,000
(Inclusive of manager's residence

For further information or to arrange an inspection of this Gold Coast management rights business for sale contact:

Management Rights Broker
Gerard Dixon

Gerard Dixon - MR Sales
Tourism Brokers
Gerard Dixon - MR Sales
Tourism Brokers

Business Highlights

Business ID2016359957
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Last updated  2 Feb 2021
Map for Runaway Bay QLD 4216
Map for Runaway Bay QLD 4216Runaway Bay QLD 4216
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Gerard Dixon - MR Sales
Tourism Brokers
Gerard Dixon - MR Sales
Tourism Brokers

Business Highlights

Business ID2016359957
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  2 Feb 2021
Tourism Brokers
170 Scarborough St Southport QLD 4215
Gerard Dixon - MR Sales
Tourism Brokers
Gerard Dixon - MR Sales
Tourism Brokers

Ask Gerard Dixon - MR Sales about this business

Gerard Dixon - MR Sales

Gerard Dixon - MR Sales

Tourism Brokers

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