Townsville Management Rights
About this opportunity
An iconic Townsville landmark steeped in history & advanced by innovation that has outstanding sea and island views of Cleveland Bay. It’s a fifty-five-unit complex of luxury living with beautifully manicured sprawling gardens and surrounds. Superbly located in a trendy suburb of Townsville that is loaded with great cafés, restaurants, other licensed venues, speciality stores, supermarkets, post office and the CBD all within walking distance.
Business Story
This Management Rights Agreement spans twenty-five years, with the current owner having successfully operated the business for the past seven years as of this December. The agreement stipulates that the complex managers must reside onsite. The current owners live in an oversized luxury unit, which includes an office that could be sold at a price, but should the buyers prefer something more affordable, the option of purchasing a smaller unit or renting an apartment is available. The more economical choice is still viable, as there is a large, brand-new office space within the complex that is currently unused and available for the site managers' use.
The complex is extremely well presented and kept in mint condition with systems and procedures put in place by the onsite managers, who share the workload with a part time staff member working 20 hours per week.
A combination of location and prestige living provides the owners with great lifestyle supported by a business that has a good net profit and body corporate remuneration. Due to the current owners wishing to retire, this business opportunity is now being offered to anyone wanting to take their lifestyle to the next level. To operate in this management rights business, you will need to be at minimum an accredited residential letting agent for the leasing of apartments or a fully licensed real estate agent to include apartment sales.
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Denny has a long career in all forms of business including Corporate Management with International and National FMCG organizations, with vast experience in the fields of Operational Management, Sales and Marketing Management, Franchise Business Management to Small Business Owner / Operator of Motels, Courier and Supermarket businesses.
In 2007 Denny saw the need for a good communicator with a strong understanding of business operation to offer a Business Broking service second to none. Denny's combined experienced gained over many years in the Corporate world and small business ownership has taken Business Brokering to new heights with with the Business Sales Group that includes NQ Business Sales, CQ Business Sales FNQ Business Sales and SEQ Business Sales, a very automated business utilizing technology to gain reach with unprecedented response in offers, time and product in the most professional manner.
Denny's focus is to satisfy Sellers and Buyers during transactions to deliver only good outcomes. In addition to this grow the business base and maximize the use of latest technologies to deliver a quality product.
Phil started his working career in purchasing with large and multi-national companies in Sydney.
A family relocation to Bowen in 1974 was the catalyst to owning his own business.
Phil has been in various businesses from Pest Control to Delicatessen/Takeaway and has for the last 39 years built a wholesale business that has served Bowen, Whitsundays, Mackay and the Coalfields, from 1 truck and himself to 6 trucks and 15 employees.
This has given Phil a very solid knowledge of the area from Bowen to Rockhampton and what it takes to thrive in business there.
Phil has a strong knowledge of business and business practices built through the process of growing his own business as well as time spent on State Franchise Council and dealing with the many changing government policies in those 39 years.
The process of selling his own business has shown Phil the real need for a locally based business broker, easily contacted and heavily focused on the Central Queensland area, which has led to his involvement in CQ Business Brokers.
