12 May 2021
Words Ben Hall
Gold Coast Management Rights Made Easy Seminar Hits The Mark
More than 35 people turned out at Royal Pines Resort on the Gold Coast for ResortBrokers’ latest Management Rights Made Easy seminar.
The turnout on Saturday May 8, 2021, was a reflection of the extremely high level of enquiries and sales we’ve recorded over the past six months in the wake of the pandemic, which has been driving demand for management rights businesses because it provides a ‘be your own boss’ lifestyle.
The Management Rights Made Easy seminar was an informal event featuring highly qualified guest speakers to outline how to successfully secure, and operate, a management rights business.
The event was hosted by ResortBrokers’ Gold Coast management rights specialists Todd Warner, Paul Mueller and Steve Campbell.
“We were really happy with the turnout and we had a really healthy mix of people looking to break into the industry, experienced operators keen to find out what’s happening in this market and even developers,” Warner said.
“Everyone in the room was engaged and eager to find out more about the market, which is going gangbusters, and trying to find out whether this is all sustainable in the longer term.”
Todd Warner chaired a panel of management rights experts which included Paul Grant from Mike Phipps Finance, Tony Rossiter from Holmans Accountants and Trent Pevy from Pevy Lawyers.
Between them, they outlined the steps that need to be taken to secure a management rights business and also highlighted the main pitfalls to avoid along the way.
“We had the best in the business all in the one place and it was the perfect opportunity for people to really find out what’s involved in setting up a management rights business, especially in the current climate,” Paul Mueller said.
“I think the key takeaway out of the panel session was that now, more than ever, you need to use specialist experts if you’re thinking of searching for a management rights business.”
Steve Campbell said the recent surge in interest in the management rights industry was probably due to the fact that many people are now realising it is a great way to become your own boss.
“The other key issue that emerged is how these businesses are being assessed post-COVID. We were able to tell people we’ve been liaising extensively over 12 months with valuers, accountants and lawyers to establish systems and formulas that reflect true value and are fair to buyers and sellers.”
Some feedback from the event:
"We wish to thank ResortBrokers for the event at Royal Pines Resort on Saturday. Thanks also to all the participants. We gained a lot of information in the Management Rights industry regarding legal, accounting and lending."
Mark and Donna Trainor