Key Investment Insights
1. Profitability continues to improve even in uncertain times, making this business a stable investment opportunity.
2. The business is well positioned to benefit from future tourism and development in Mission Beach, providing potential for growth.
3. The property has a mix of elegant one and two bedroom apartments and suites, providing a variety of options for guests.
4. The manager's apartment is conveniently located next to the office and is included in the sale.
5. Mission Beach is a desirable location with many local attractions, making it a popular destination for tourists.
6. The property and business have been established for over 15 years, with a loyal client base and repeat guests.
7. The business is easily operated by two people with flexible office hours, providing a desirable lifestyle for the owners.
8. The sale includes a well-maintained and spacious 2 bedroom apartment with 2 ensuite bathrooms.
9. The complex has a total of 16 units, with 13 units in the letting pool and 2 owner-occupied units.
10. The agreement term for the complex is 25 years, with 23 years remaining, providing long-term stability for the business.
11. The complex features amenities such as a pool, spa, and BBQ area, providing additional value for guests.
12. The sale includes an established client base and an established reputation in the marketplace.
13. The business has consistent and reliable income, with a net profit of $166,303.
14. The manager's remuneration and body corp salary also provide additional income for the owners.
15. The sale price of $799,000 includes the business and the manager's apartment, making it a comprehensive investment opportunity.
Management Rights Multiplier: 3.00
ROI Estimate: 33.33%