Resort Management Rights 400 Metres From W.a.s Most Famous Beach

Business For Sale Broome, Western Australia 6725

Business Category Management Rights Resort

From 1.55M

Description

Resort Management Rights 400 Metres From W.a.s Most Famous Beach

People come from all over WA, all over Australia and all over the world to experience W.A.’s most multicultural town, the home of Australia’s pearling industry and the place where:

“Our Red Desert Meets The Sea”.

You can live and work, from your own villa, in this idyllic location, within this contractually protected, highly profitable, 4-star resort management operation, which manages 13 villas and 9 apartments on behalf of their owners

The Location is:


A “stone’s throw” from the internationally renowned, multi-award-winning CABLE BEACH
Walking distance to cafes, restaurants, bars and tourist shopping
Only 5 kms to Old Broome Township and Broome Airport


The property includes:


22 high quality finished & fitted villas and apartments over 2 adjacent resorts
Beautiful low-maintenance tropical gardens
Large BBQ Camp Kitchen Facility


The Business boasts:


The benefits of contracted management (since 1996) until up to 2041
An “Adjusted Net Profit” which has grown annually to $497,000 in 2020/21 (your accountant will LOVE it)
A $40,537 increase in profit month-on-month for 2021/22
A Return on Investment of 30% on the business purchase price
An income sharing arrangement which means you never go cashflow negative, irrespective of any seasonality
No obligation on you to expend capital on renovation of units or replacement of plant
Fully documented financials and a comprehensive easy-to-learn Operations Manual
A full complement of plant, stock and reservation software, so that a buyer can “hit the ground running” on day 1
Excellent scores & reviews on international travel sites, such as Trip Advisor and Booking.com
The same owners for 14 years, with a genuine reason for sale
A generous “settling-in period” and ongoing remote support
An opportunity to take a long-term lease of the owner’s villa with a first right of refusal on the villa at any point


The owners’ accommodation includes:


A spacious (90 sq mts) & recently renovated, 2-bedroom villa
An adjacent but separate Reception and office/work room
An opportunity to write-off the bulk of living expenses
In a location within the resort suitable for reception but private enough to relax in the garden or enjoy a dip in the pool


The new asking price for this outstanding Freehold Business Opportunity is $1,550,000 including Freehold Property (owners’ villa), Goodwill, Plant & Equipment and Stock.

Should you wish to purchase this business on a Leasehold Basis then the asking price is $1,050,000 (showing an adjusted net profit after rent of the owner’s villa of $450,000) including Goodwill Plant & Equipment and Stock

Resort Management Rights are fast replacing leasehold motels and caravan parks Australia wide, as the best business model in regional tourism.

Contact Murray Brown for further details and a comprehensive Business Profile

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    This business is somewhat unique and has no similar competition in this region, category or price bracket.


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    Bsale ID: 568723
    Broker REF: 312667

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