How we can help you purchase a Managements Rights Business
With many years industry experience Professional Finance Brokers can assist secure finance and structure a Management Rights Finance Package tailored to reflect your own individual circumstances.
More importantly our specialist brokers can assist you understand your spending limit with an indication on what price Management Rights Business you may be able to afford and help guide you through the purchase process.
Things you need to consider when buying a Managements Rights Business
- When considering your finance requirements, you will firstly need to establish how much cash you have to invest and what personal assets you are prepared to provide to secure any loan.
- The total amount you can borrow will depend on the amount of future maintainable income generated by the business you are purchasing and your ability to meet all your commitments including loan repayments, living costs and tax from this income.
- When determining how much you can borrow you will need to allow between 10% and 15% of the total purchase price to meet all associated start-up costs which include government stamp duty, legal fees, accountant fees, bank fees and other regulatory and licensing costs.
- What type of Management Rights Business am I looking for:
- Holiday letting
- Permanent Letting
- Student Accommodation
- What percentage of overall units are in the letting pool and how long agreements have left to run.
- What does caretaking agreement involve and how much is body corporate renumeration.
- An Independent Professional Due Diligence of existing business is an important part of the buying process.
