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
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