Strata Management - Western Australia (GLOC10)

29 days ago

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Summary

This WA based Strata Management business has been engaged in strata title / body corporate management since 1995. The Western Australian based business has quickly become an integral part of...

About the Opportunity

This WA based Strata Management business has been engaged in strata title / body corporate management since 1995. The Western Australian based business has quickly become an integral part of the strata community.

Rarely does an opportunity arise to purchase 27 years of community trust, reputation and brand awareness.

The asking price of $230,000 represents an impressive Return On Investment of 24.0% and estimated payback period of 4.0 years.

The financial stability and trading strength of the business is evidenced by how well Strata Management businesses weather difficult economic times. Whilst other businesses may be struggling, turnover was steady in the 2016/17 financial year, however, the owner is forecasting 55.0% growth in the base management fee in the 2017/18 financial year.

No. of Plans - 28
No. of Lots - 465
Strata Fees - $102,778 (av. $221.03)
AGM Annual Fees - $9,264
Insurance Commission - $16,024
Disbursements - $10,445 (av. $22.46)

For further information please contact Gary Lay
on 0407 526 431 or 03 9888 6488 or email
gary@wollermann.com.au

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