Management Rights - Furnished Studio & Apartment Complex

Management Rights - Furnished Studio & Apartment Complex — Hospitality & Tourism · Woree, Cairns · 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 & TourismQueenslandB2C

Find funding for this deal →View original listing ↗

Asking price

$695,000

Disclosed · AUD

Revenue (est.)

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.

How it compares

Management rights businesses in Queensland · asking prices

36% below past management rights businesses like it

Past management rights businesses like it ask a median 5.7× earnings. On its $188,922 earnings, that points to about $1,080,000; reads like this are typically within 25%, so $810,000 to $1,350,000. It asks $695,000.

Asking price: $695,00020% below the median of $870,000
Time listed: 129 daysprice cut 30%, from $990,000

Management rights businesses in Queensland

Management rights businesses for sale in Queensland (21) →

Listed

+1 in 30 days

Median asking

$870K

15 priced

Earnings multiple

2.9×

38 listings

Asking price spread15 of 21 state a price

This listing · $695K

40%

$100K–$250K$2.5M–$5M

Australia 25

Cafes 141 · Takeaways 107 · Automotive workshops 76 · Restaurants 75 · General retail businesses 61 · Manufacturing businesses 56

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