Step into the lucrative world of rental accommodation.This is an opportunity to own ashare ofa profitable rental accommodation business that delivers consistent income andpotential for growth.
Business Highlights
* Shareholding proportion: by negotiation. Asking price in this advertisement is for 50%.
* Well Selected Properties: Theportfolio includes a range of strategically located properties in high-demand areas, supporting high occupancy.
* Jurisdiction: operates in accordance with the Residential Tenancies Act 1986.
* Quality tenants: targeted to professionals and trades.
* Impressive ROI: Low operating costs, high revenue.
* Stellar Reputation:The vendorhas built a solid reputation for providing qualityaccommodation, with a consistent base of quality tenants.
* Turnkey Operation: The business has well established operational processes, can be operated from a home office and is an immediate cash generator.
* Growth Potential: There is significant opportunity to grow the business by adding more properties toincrease revenue.
At 100% occupancy, revenue exceeds $2,100,000.
EBITDA profit exceeds$622,000 after management and expenses totalingapproximately $132,480.
The Purchaser will be required to assume proportionate funding of refundable bonds (held by Tenancy New Zealand) at a total approximately $169,520.
The vendor intends to retain ashare of the business and maintain business development input to support continued growth.
Don't miss out on this golden opportunity to establish your business role in the rental property sector. Take a leap towards financial independence and make your entrepreneurial dreams a reality.
Tony Andrew, 021 938 560, [email protected]
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
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Timestamp: 20241111104503
