Management Rights Business for Sale Mount Maunganui

Description

Sale type: management rights business with optional freehold manager's apartment

Business type: beachfront accommodation management rights business

Current status: established operating business

Current ownership period: more than 10 years

Reason for sale: retirement

Financial information

FY25 net profit: approximately $215,000

Financial performance: stated as stable

Management rights

Total apartments in complex: 20

Apartments in letting pool: 15

Body corporate relationship: stated as supportive

Management agreements: stated as secure

Business systems: established

Property

Complex position: beachfront

Complex condition: fully renovated

Maintenance requirements: stated as low

Manager's apartment: freehold

Ocean views: available from manager's apartment

Expansion options

Letting pool expansion: possible

Additional workload from modest letting pool expansion: not expected according to the source

Transaction details

Business-only asking price: $895,000

Previous business asking price: $1.1 million

Manager's freehold apartment asking price: $1.6 million

Previous apartment asking price: $1.66 million

Business and property package: available

Potential buyers

• Owner-operators
• Couples seeking a live-in management business
• Management rights buyers
• Accommodation operators
• Buyers seeking a coastal lifestyle business