Profitable and Established Rent Roll with 156 Managements, Earning $323,485.27 p.a. plus sundry income
Business ID: XB160809
Take advantage of this rare opportunity to acquire a successful rent roll and real estate agency centrally located in the bustling Gold Coast. This long-standing business, operating for over 25 years, offers 156 managements, split between residential (80%) and commercial (20%) properties, with an average weekly rent of $655.61 and an average commission of 6.13%. The business generates a stable income of $323,485.27 p.a. plus sundry income, with further potential for growth. With dedicated staff in place, the seller is willing to provide training to ensure a smooth transition.
Business Highlights:
- 156 managements: 123 residential, 33 commercial
- Average weekly rent: $655.61
- Average income per property: $2,100.55 p.a.
- Commission rate: 6.13%
- Earnings: $323,485.27 p.a. plus additional income streams
- 25+ years of operation with a loyal client base
- Centrally located office in a thriving Gold Coast suburb
- Seller willing to stay for training post-sale
- Potential to expand into property sales
This business is perfect for a new owner or an existing operator looking to expand their portfolio with a profitable and reputable rent roll. With stable earnings and an experienced team, it provides a seamless transition for an astute buyer. Contact us today for more information and secure your future in the thriving Gold Coast property market.
A Prospective Buyer will need to hold a QLD Real Estate Agent's Licence.
Asking Price and Terms:
- Rent Roll valued at $1,035,152.86 (Multiplier: $3.20)
- Agency included at no extra cost
- Total: $1,035,152.86
Property Code: 4150
