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The Vendors have reduced their asking price for the business only, to allow them to move on to other interests.
The new asking price of $699,000 – with a mouth-watering net profit, makes this business a very, very attractive option for anyone wanting a business in thriving Mt Maunganui. Recent demand has driven prices way beyond this figure.
There are on-site options for accommodation, with the freehold apartment also available for sale. If you haven’t yet viewed this business – it would be well worth looking now – or having a re-look with this new price in mind.
The Capri is especially suited to a couple looking for the good life and is one of the few remaining, very affordable opportunities to start in this highly desirable, lucrative market. The bottom line will readily support your new lifestyle!
The Complex
29 apartments with a good number in the letting pool – always in high demand in The Mount. A Studios to 2 bedroom with 2 bathrooms, balconies, full kitchens, laundry, and covered parking. Boat parking also available.
Low maintenance construction, (concrete block/aluminium joinery/long run roofing). The grounds are attractive, yet really low maintenance, and feature a swimming pool complex, gymnasium and BBQ facilities.
Owner’s Apartment – can also be purchased
Set on two levels – 2 bedrooms/2 bathrooms, a large ground floor, paved deck, and upper balcony. The Reception area is also on this Freehold title. Available for new owners to rent.
Reference: EL00568
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Buying a business should be exciting, but it can quickly become stressful if you don’t have experience in accessing business acquisition loans.
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