Cairns City, Queensland

Exceptional Business Opportunity High Performer With Top Salary & Compelling ROI

$2,210,000

Business Description

Exceptional commercial complex trading as Cairns Night Markets. Situated in the heart of Cairns with two major street frontages.

Interesting and diverse entertainment for all and a must do for visitors to Cairns.
Extremely high foot traffic 2.7 million per year.
Perfect Esplanade location with a variety of 131 shops including 21 food outlets with seating for 200.

The complex is essentially structured as Management Rights but with fewer restrictions.
It involves admin duties only.
Excellent security of tenure with a Perpetual Term on the Body Corporate Agreements.
Remarkably stable business with low shop vacancy rates and lease terms of 12 months minimum.

Income is from management and marketing fees paid by Owner Occupiers and Tenants alike.
Manager's office on title and very reasonably priced at $310,000, plus two exclusive use carparks and on-site storage.

Very stable commercial business showing excellent and consistent growth.
Good salary of $120,910 excluding GST.

This business can be operated by one person with ease.
No check-ins, no gardening, no set office hours.

The cleaning & security roles currently undertaken by the Body Corporate, can be taken back as the Manager's responsibility with the benefit of an additional approx. $100k to the net profit if required.

For detailed information on this property please contact Calvin Bailey.

Business Summary

Business Snapshot

Price: $2,210,000 Net Profit: $456,848 Remuneration / Body Corp Salary: $120,910Business Value: $1,900,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $310,000

Complex Information

Complex Type: n/aTotal Units in Complex: 131Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 20 years

Marketing Agent

Calvin Bailey

Calvin Bailey Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Established Cairns Night Markets business with reported net profit of $456,848 and $120,910 remuneration excluding GST.
2. Prime Esplanade location in Cairns with two major street frontages and approximately 2.7 million annual visitors.
3. The complex comprises 131 shops, including 21 food outlets with seating for 200 people.
4. Management income is generated through fees paid by both owner occupiers and tenants.
5. Perpetual Body Corporate Agreements provide strong tenure security, with minimum 12 month shop leases.
6. Operations involve administration duties only and can be managed comfortably by one person.
7. No check ins, gardening or set office hours are required under the current operating model.
8. Manager’s office on title includes two exclusive use carparks and onsite storage, valued at $310,000.
9. Low shop vacancy rates and consistent growth support the business’s reported stability.
10. Cleaning and security could be brought in house, potentially adding approximately $100,000 to net profit.

Management Rights Multiplier: 4.16
ROI Estimate: 20.67%