MANAGEMENT RIGHTS FINANCE
Here in Tropical North Queensland, there are a wealth of management and letting rights opportunities. Because of the long and successful track record of the management rights industry, the major banks are all keen to assist in financing the purchase. However, it is important to deal with the personnel experienced in Management Rights.
This is where the experience of the Cairns Finance team can assist you. From our many years in the region, we have established links with all financiers to the industry. Cairns Finance can also assist you with obtaining local legal advisers who are leaders in the management and letting rights industry.
We understand the loans need to be arranged in a tax effective structure and that it is important and what suitable bank products are used. We can help you to work out what price and income range you need in a prospective purchase. Generally the more you are able to borrow, the bigger you can buy, therefore the more you will make. You still have to be comfortable that you can or want to run a large business and, some managers, choose a smaller management rights for lifestyle reasons
Contact Danny Adams or Scott Smith and discuss your options now.
Success Stories
In September 2007 we started looking for a Management Rights property in Cairns, one that would see out our working life and set us up for retirement. Having done our homework with the Bank we were ready to face the market (so we thought).
After weeks of looking at properties that were within our “budget”, we were a little disheartened – although they were lovely, they weren’t going to set us up the way we had dreamt. Then we were introduced to Danny and Cairns Finance.
After about 2 hours, we left Danny’s office able to go back and more closely review a property that we had been shown – one that had previously ticked all the boxes, except for the banks. We signed on the dotted line and within weeks were starting to see our dream come alive. From start to finish Cairns Finance were with us – yes there were times when we were going to back out of the deal, but again, a call to Danny and he would ‘take the charter’. Danny, our Bank, Broker, Solicitor and Accountant were a great team – often with Danny taking the lead and making sure everything was going smoothly.
Now we are 4 months into our first Management Rights business, and Danny is only a phone call away. It is great knowing he is there to answer any questions, (lend more money), and to help us make our dreams come true.
We would not hesitate to recommend Danny and his great team at Cairns Finance to anyone.
