Kelvin Grove Management Rights

Kelvin Grove Management Rights — Hospitality & Tourism · Kelvin Grove, Brisbane · Asking $179,000 · Net Profit $37,082

Low-maintenance letting management rights business near QUT 19-unit complex with 7 apartments in the letting pool Management agreement secured through to 2044 No manager's residence or associated real estate required

DealProspect/Listings/Hospitality & Tourism

Kelvin Grove Management Rights

Management Rights

ActiveHospitality & TourismQueenslandB2C

Find funding for this deal →View original listing ↗

Asking price

$179,000

Disclosed · AUD

Revenue (est.)

~$101,650

Estimated · comparable listings of this type and size · typically within ±35%

Net Profit

$37,082

Implied multiple

4.8×

asking / earnings

Brief

Low-maintenance letting management rights business near QUT
19-unit complex with 7 apartments in the letting pool
Management agreement secured through to 2044
No manager's residence or associated real estate required

How it compares

Management rights businesses in Queensland · asking prices

In line with past management rights businesses like it

Past management rights businesses like it ask a median 5.6× earnings. On its $37,082 earnings, that points to about $208,000; reads like this are typically within 25%, so $156,000 to $260,000. It asks $179,000, inside that range.

Asking price: $179,00079% below the median of $870,000
Time listed: 46 daysno price change

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 · $179K

40%

$100K–$250K$2.5M–$5M

Australia 26

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