Buying a Business?

20 managements $1003.00 average weekly rent 6.82%+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    

Long established, very successful business. Market leader in the region for both real estate sales and property management. Large, loyal, well established workforce backed by superior operating systems and procedures. The business is not being advertised and will be sold off-market – only serious buyers with significant financial capacity need apply.

95 managements 7.5-8.5% ex gst Annual Management Income $177,598 AAMI $1840 per property Redbank Plains, Leichardt, Collingwood Park, Brassall