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$352,000
$1,433,024
There is a rental housing shortage in Auckland and this business helps to address this problem.
This is an upmarket house rental business with a difference. The vendor is the tenant of many houses around Auckland which they intern rent on a room basis to people requiring rental accommodation from a few months to years.
These people may be waiting for a house to be built or perhaps it is a business transferring staff on short-term assignments for only a few months..
Sales last year approx $1.4M for a net return to the owner over $352,000
This is a proven sustainable easily run business.
At the asking price of $850,000 it has averaged over 33% return to owner over the last 2 years.
To find out more, go to linkbusiness.co.nz/EL03241 and press the “Enquire Now” button to complete an online confidentiality agreement.
Robin Harris, 021 968 779 or 555 6041, robin.harris@linkbusiness.co.nz
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
#buybusiness #rentalproperties #propertymanagament #services #rentalshortage #furnishedrentals #auckland
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*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.
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