Finding out how much you can afford to borrow and service is the easy part, but there’s a lot more to your purchase than just finance.
What we do best is to help you to tailor a financial package that will lay the foundations for your business and support its ongoing success.
How are management rights priced?
The asking price for management rights is usually a multiple of the business’s annual net profit. A management rights business that returns $120,000 a year could be valued at four to five times that (between $480,000 and $600,000).
Generally, you can’t buy a management rights business without also buying a manager’s residential lot. Other costs you need to allow for include:
- Purchase of the managers residential lot
- accounting and legal fees
- bank charges
- valuation fee
- stamp duty
- licence application fee.
These usually add about five percent to the total cost of the purchase.
Customised and integrated finance options
One of our management rights specialists will discuss your financial options with you, in relation to your individual circumstances and your proposed operational environment. They’ll also take into account:
- legal issues
- accounting
- market buoyancy
- human resources and industrial relations
- your industry experience
- the length of time you plan to own a particular scheme.
Suncorp Bank’s customised finance options for management rights can integrate purchasing finance with ongoing financial facilities and services, including:
- EFTPOS
- internet banking
- pre-approved equipment finance
- business line of credit
- finance for future growth
- trust accounts
- business accounts
- electronic payment systems.
Protecting your assets, income and investments
Purchasing management rights is a major investment in your future, one worth protecting. Speak with our insurance and financial planning specialists, face-to-face or over the phone, about:
- personal insurance – life, trauma and income protection* °
- asset insurance – home, contents and motor vehicle*
- financial planning – superannuation and retirement planning
Talk to your local Suncorp Bank specialist
Talking to your local Suncorp Bank management rights finance specialist before you get started can save you time and effort. Best of all, there’s no charge and no obligation.
Find out more about:
- the local management rights industry
- a loan funding scenario for a site you’re interested in managing
- our comprehensive management rights resource kit.
Things you should know
*Please read the relevant Product Disclosure Statement (PDS) before you make any decisions regarding any of these products. Contact us for a copy.
°A Trauma Insurance benefit will only be paid if the Insured Person under the policy is diagnosed with, and fall within the definition of, one of the specified medical conditions. Policies available to approved applicants only.