Rental Business with Substantial, almost Passive Recurring Income for Sale Gold Coast
To help the owner ease into retirement this manufacturing business, which has been trading for over 55 years, is placing on the market its recurring revenue stream. Started over 20 years ago, primarily based around Pool tables leased to hotels, clubs and pubs, this rental income generates profits in the region of $150k each year with minimal owner involvement.
With the majority of the tables fitted with “Tap-n-Go” payment technology the income goes straight into the bank. The owner’s involvement is limited to inspecting and cleaning the table every two months and relacing the cushion sides every two years. This would equate to an average of 8 hours per week making the profit almost a passive income!
The business sale includes:
An established customer base
31 tables with a conservative market value of $180k
If required, full-service back-up from the manufacturer at very favourable terms
The manufacturer is prepared to supply additional tables at competitive prices
Significant, realistic growth potential as the elderly owner has made no attempt to grow the business
The vendor is flexible on what the handover would look like and is committed to a successful transition to the new owner making this a great opportunity to be your own boss or an extension of an existing business.
$280k WIWO
Eamonn Bicknell: xxxxx
