Summary
Exciting opportunity for either an experienced operator or a high performing sales agent with industry experience who is ready to stand out with a real estate business of their own.
Revenue
$620,000 pa
Location Details
Well located position just 8 miinutes from the CBD, close to many amenities while on a busy road with more than 40,000 vehicles going by each day.
Potential
Exciting opportunity for an experienced operator or high performing sales agent ready to stand out on their own by acquiring a fully operational, established real estate business with good income and low overheads. Situated on the inner south fringe from Brisbane's CBD while servicing the inner south, south- east and southern suburbs. Loads of potential with the right team to expand, improve and grow to whatever size they want.
Skills
Must be Licensed Real Estate Agents, have knowledge of many city council laws, state government compliance, employment of staffing in the property industry and general good business skills.
Hours
9am -to- 5pm Monday to Friday's
9am -t0- 1pm Saturday's
Lease
No lease in place
Employees
5 including director
Reason for Sale
Health issues / Moving overseas
About the Business
OVERVIEW:
Established Real Estate Business wth Sales business and Rent Roll of approx. 210 tenancies
RENT ROLL:
Approximately 144 Residential properties + 66 Student Accommodation Rooms.
Annual income from Residential Management Fees and Rent Collection of $296,096.60
Average Annual Management Income (AAMI) per property is $2,070.60
Annual income from Residential Student Accommodation Rooms Rent Collection of 52,700.30
Average Annual Management Income from Rooms (AAMI) per property is $798.49
GENERAL:
The business stands alone as a unique well branded boutique agency and with a management portfolio of 210 well managed tenancies, that offer a rewarding annual income, but also has an additional income in excess of $89,000 from extra fees and well supported by sales/leasing gross commission income in the vicinity $270,000 annually.
