Established Real Estate Office Including Rent Roll In Hervey Bay

SOLD

CPI Business Sales has just listed a great opportunity for a proactive agent to secure an existing real estate franchise established for many decades. The business includes a residential rent roll.

Expressions of interest are sought for the takeover of the well known franchise, or for the purchase of the rent roll,  jointly or individually.

The business currently has 3 experienced staff who run the day to day operations of the business with their own skill sets aligned to individual segments as well as general multi-tasking.

An indication of the business is as follows:

REAL ESTATE AGENCY

  • Established 40+ years
  • Low franchise fees
  • Experienced staff

RESIDENTIAL RENT ROLL

  • Approximately 153 residential properties
  • Annual income from Management Fee and Rent Collection of $178,952.80 plus sundries.
  • Sundries are $5.50 to $6.60 per month per property.
  • Average Annual Management Income (AAMI) per Property is $1,169.63
  • 56% of the Rent Roll on 8.0% or higher
  • 89% of the Rent Roll on 7.0% or higher
  • 52% of the rent roll is managed at a weekly rent of $300 or above
  • Average management fee at 7.84%
  • All properties are located in Hervey Bay Area

For more information on this fantastic opportunity, please complete the Confidentiality Agreement at the following link and we will provide you with further details.

Real Estate Confidentiality Agreement

If you have any questions, please contact agent Mark on 0417745505 or mark@cpibrokers.com

Reference Number: BJ030   cpibusinesssales.com

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