Surfers Paradise, Queensland
POTENTIAL PLUS 3.4 MULTIPLIER
Under Contract / Offer
Business Description
1. 25 YEARS TO RUN
2. 14 OUTSIDE LETS TO GET BACK IN
3. TURN UNITS BACK INTO HOLIDAY UNITS
4. REPAIRS AND MAINTENENCE INCOME.
These Management Rights offer a great opportunity TO INCREASE THE BUSINESS AND GET UNITS BACK INTO LETTING POOL.
This Resort was featured on the front Cover of the Resort News because the current owners have done so much to improve it! Now its your turn to take it to its next level !
There are a total of 30 units with 5 in the letting pool and 14 with outside agents. This offers great potential to grow your letting pool and your income. The Body Corporate is supportive in helping the on-site managers.
The grounds are low maintenance with a large BBQ and entertaining area with wonderful heated swimming pool on the river's edge. BEAUTIFUL VIEWS
The Management Rights show a Net Profit of over $112,000 Y/E 2019.
Priced to sell. sickness has spurred a speedy sale.
Business Summary
Key Investment Insights
1. The business has a potential for growth, with a 3.4 multiplier and 25 years left to run.
2. There are 14 outside lets that can be brought back into the letting pool, providing additional income.
3. The potential to turn units back into holiday units can attract more customers and increase revenue.
4. The business also generates income through repairs and maintenance services.
5. The current owners have made significant improvements to the resort, making it an attractive investment opportunity.
6. The business has been featured on the front cover of Resort News, showcasing its potential and success.
7. There are a total of 30 units, with only 5 currently in the letting pool, leaving room for growth.
8. The Body Corporate is supportive and willing to assist the on-site managers.
9. The grounds are low maintenance, with a beautiful BBQ and entertaining area and a heated pool with stunning views.
10. The business has a strong financial performance, with a net profit of over $112,000 in the previous year.
11. The business is priced competitively and is motivated to sell due to the current owner's illness.
