Link Business

Residential Rental Cash Flow

Listing: #EL03241
price

$850,000

Profit

$352,000

sales

$1,433,024

industry

Auckland City

Industry

Services


Robin Harris

Broker | Auckland - Ellerslie

Robin Harris

robin.harris@linkbusiness.co.nz

+64 9 555 6044

+64 21 968 779


About this Business for sale in Auckland City

Residential Rental Cash Flow


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..

  • If required these properties can be rented fully furnished.
  • The 18 current properties are spread around Auckland from Mt Roskill, Blockhouse Bay, Te Atatu,  Remuera, Epsom
  • Currently run with the part-time owner plus 1 part-time admin person and 2 part-time contractors, however, a manager is available for $50,000 per year if someone requires a complete hands-off operation

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

­­

SEMINAR: HOW TO BUY A BUSINESS
Don’t know where to start? Want to know what mistakes to avoid?
Register for our Buy a Business Seminar. https://go.linkbusiness.co.nz/seminars/
 

Auckland - Ellerslie
robin.harris@linkbusiness.co.nz
+64 9 555 6044
+64 21 968 779

Robin Harris

Enquire Now

*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.