The owners are highly motivated and need this business sold before Christmas, creating an exceptional opportunity to secure a rare business-only management rights operation just 200 metres from the patrolled sands, cafés and coastal boardwalk of Kings Beach.
Generating a net profit of $118,000 from an asking price of just $499,000, this boutique beachside business offers an outstanding return without the significant cost of purchasing associated real estate. The operation includes nine apartments in the letting pool, streamlined caretaking duties, no set office hours and excellent operational flexibility.
A substantial body corporate salary exceeding $64,000 per annum provides more than 54% of the business income as secure recurring revenue, independent of occupancy fluctuations. There is also genuine upside through expanding the letting pool and introducing modern revenue management strategies.
The sellers’ instructions are clear: this business must be gone before Christmas. This is a genuine opportunity for a decisive buyer to negotiate an exceptional deal in tightly held Kings Beach.
Must be sold before Christmas – all serious offers considered.
Interested? Why not give Mark Troy a call on 0402 294 806 or mark@resortbrokers.com.au
Or... call Chenoa Daniel on 0403 143 151 or chenoa@resortbrokers.com.au