Breakers North: Premier Beachfront Management Rights with Significant Growth Potential
Seize the opportunity to acquire the management rights of Breakers North, an absolute beachfront complex in Surfers Paradise, Gold Coast. This investment offers a robust net profit of $648,165 and a manager’s salary of $222,310, with substantial growth prospects.
Strong Financial Performance: Achieve a net profit of $648,165, complemented by a manager’s salary of $222,310, ensuring a lucrative income stream.
Diverse Letting Pool: Manage 43 units, predominantly holiday rentals, catering to a broad clientele and maximizing occupancy rates.
Prime Location: Situated between Surfers Paradise and Broadbeach, Breakers North offers direct beach access and proximity to premier shopping, dining, and entertainment venues.
Experienced Operational Team: Existing partners are willing to continue as employees, providing operational continuity and support.
Flexible Agreement Terms: With 17 years remaining on current agreements and potential adjustments in residency requirements and office hours in upcoming negotiations, managerial flexibility is enhanced.
Strong Financial Position: A substantial sinking fund of $817,000 as of April AGM, with recent renovations completed, minimizing future capital expenditures.
Growth Potential:
The Gold Coast remains a highly desirable destination for holidaymakers, and Breakers North’s prime location positions it to capitalize on this demand.
