Key Investment Insights
1. The business is located in a popular tourist destination in Tropical North Queensland, providing a great lifestyle for the owners.
2. The complex is well-maintained and has a high level of presentation.
3. The business offers a diverse range of accommodation options, including studio, one, two, and family apartments, catering to a wide range of guests.
4. The current letting pool includes 17 units, providing a steady source of income for the business.
5. The business is currently operated by a husband and wife team, making it easy to manage.
6. The business has a strong base of repeat customers and regular clients, ensuring consistent trading over the years.
7. The asking price of offers above $990,000 is considered to be a great value for the business and its assets.
8. The business has a net profit of $196,187 in FY24, making it a profitable venture.
9. The managers' unit includes two two-bedroom apartments, with the option to rent out one and live in the other.
10. The letting rights have a long-term agreement of 25 years, providing stability and security for the business.
11. The complex offers a range of facilities, including a saltwater swimming pool, BBQ area, and tennis court.
12. The business is listed by Queensland Tourism & Hospitality Brokers (QTHB), a reputable agency in the industry.
Management Rights Multiplier: 2.37
ROI Estimate: 42.19%