NEW FARM CARETAKING ONLY - NO GARDENING!
$250,000
Caretaking management rights, New Farm QLD
The perfect business for either a first time to the industry Buyer or the perfect add-on for an existing and local operator!
Caretaking only with a $53,391 income and in return your daily duties extend to only around 2-3 hours each day, Monday to Friday. Additionally, you are there to arrange maintenance via contractors etc, however, if you're even moderately handy, you can earn additional monies from the Body Corporate and Apartment Owners. Last year the manager earned an additional $5,400 for these minor tasks.
The asking multiple is very reasonable at 4.5 times the Body Corporate contracted income.
Call Greg Jorgensen today to discuss, receive the information package and set up a time to inspect.
More Information
- Total Purchase Price: $250,000
- Net Income: $ 53,391
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.7
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?