Buying a Business?

Property developer selling 297 managements Brisbane South West. $635pw average rent, 6.9% nett, annual management income $678,000. This is an opportunity to buy and develop a referral buy channel and buy more as houses are built and sold to investors.

established 17 years 683 managements AAMI $1819 established sales team PM staff + support

19 managements $952.10 average weekly rent 6.15%+gst Small, tightly held portfolio – ideal bolt-on or startup Owner retiring from property management

circa 304 managements 7%+gst tightly held, long established rent roll AAMI $2350 per property Annual management income circa $705,000

68 managements Commission 7-8% Annual Management Income $134,167.68 AAMI per property: $1973.05 Price 3.00x per $1.00 management income, circa $400k

26 managements Management Income $63,034.40 AAMI $2424.40 per property Price 2.75x per $1.00 Logan Reserve, Redbank Plains, Greenbank and surrounds