Key Investment Insights
AI generated. Confirm details with the seller.
Key Insights:
1. The business is located in a prime location in Australia's beef cattle capital, which provides a strong and stable market for the management rights business.
2. The business benefits from a partnership with a multi-national meat company, which provides a consistent stream of tenants for the complex.
3. The complex boasts a 99% occupancy rate and has only had 3 tenant issues in the past 17 years, which highlights the stability and reliability of the business.
4. The complex has a large number of units in the letting pool (54 out of 70 units) and a high body corporate salary, which provides a strong and consistent income for the managers.
5. The business has 23 years remaining on the management agreement, providing long-term security for the new owners.
6. The complex is easily managed, with only 5 days of work per week required and no set office hours.
7. There is potential for growth in extra income streams, such as selling investors' units.
8. The sellers are retiring after 17 years, providing a rare opportunity to purchase a tightly held business.
9. The managers' unit is a separate freehold property with a 2-bedroom unit attached, providing additional rental income.
10. The asking price for the business is $960,000, which includes the management rights, office, and 2-bedroom unit.
11. There is also a modern, fully air-conditioned 4-bedroom home available for purchase, providing additional living space for the managers.
12. The business is being sold by Simone Simpson, a licensed executive broker with experience in the management rights industry.
