Permanent Business-Only Management Rights - 1P5180MR

Industry: Professional - Brokerage, Professional - Brokerage | Listed by: CRE Brokers


Key Strengths:


About the business

EXCLUSIVE TO CRE BROKERS. Waterview Terraces is a well-recognised complex in the heart of Townsville and presents the buyer with a secure income from the Body Corporate while providing opportunity to grow the rental pool.

There is no residence to be purchased with the Management Rights. The current manager rents a comfortable three bedroom, two bathroom unit with secure under cover parking with panoramic views from the balcony.

TOTAL NUMBER OF UNITS : 80
UNITS IN LETTING POOL : 26
NET PROFIT : $152,198

REAL ESTATE PRICE : NA
BUSINESS PRICE : $660,000
TOTAL ASKING PRICE : $660,000
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Asking Price:
$660,000
Yearly Profit :

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Country

Australia

State

Queensland

Suburb

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Postcode

4810

Locality

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Established on

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Revenue

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No. of employees

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Contact Details Verified

Email Broker Verified

Advertiser Details
Company Logo
Victoria
Australia
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

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