Management Rights - Furnished Studio & Apartment Complex

Management Rights - Furnished Studio & Apartment Complex — Hospitality & Tourism · Asking $695,000 · Net Profit $188,922

Management rights business over a complex of 29 furnished studio, one-, two- and family apartments. 15 of the units currently in the letting pool, with 2 more to be added. Owner-operated by a long-term husband-and-wife team. Includes a one-bedroom manager's unit with reception/office on title. Facilities include a saltwater pool, BBQ area, secure parking and a tennis court.

DealProspect/Listings/Hospitality & Tourism

Management Rights - Furnished Studio & Apartment Complex

Management Rights

ActiveHospitality & TourismB2C

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Asking price

$695,000

Disclosed · AUD

Revenue (est.)

~$757,810

Estimated · comparable listings of this type and size

Net Profit

$188,922

Implied multiple

3.7×

asking / earnings

Brief

Management rights business over a complex of 29 furnished studio, one-, two- and family apartments.
15 of the units currently in the letting pool, with 2 more to be added.
Owner-operated by a long-term husband-and-wife team.
Includes a one-bedroom manager's unit with reception/office on title.
Facilities include a saltwater pool, BBQ area, secure parking and a tennis court.

Brief

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