Buy a property business that’s all about service
Have you thought of a career in strata management, delivering professional management services?
What’s the job? A strata title reflects shared ownership of common property in medium and high density developments. The legal entity is the owners’ corporation, body corporate, strata company or community association.
Strata management works with the relevant body in each property to provide professional management services for owners.
Franchise firms are operating in this sector to offer you the opportunity to run your own business.
The newest brand on the scene is an offshoot of the well-established MBCM firm (see below) and it takes the Melbourne-based business to a wider Australian market.
Franchisees specialise in providing professional management services for owners’ corporations, serving on a local basis and in the residential, retail, commercial, mixed use and industrial property sectors.
As a franchisee you’ll be tapping into all the knowledge and expertise on hand while using your own skills to develop a strong future for yourself.
MBCM has years of experience behind it and plenty of market knowledge.
You can tap into all this without paying a hefty fee; the nature of the business means this is a low level investment. It’s the perfect mix of professionalism, potential and affordability.
Franchisees bill quarterly in advance and there has been no reported drop in management fee income so far, despite the lockdown.
This 31 year-old business operates across Victoria, with many of its franchise opportunities resales. Buying an established business gives incoming franchisees an existing revenue stream.
7 quick questions
What will it cost?
$50,000 upwards depending on whether you purchase an existing portfolio.
Any qualifications required?
An SCA course is highly recommended.
When was the business established?
Melbourne Body Corporate Management started in 1989. Franchising began in 1992.
What training is available?
A solid 13 weeks of training.
Is there marketing support?
Yes, $1500 annual marketing fund.
What else will I have to pay?
Additional costs are less than $10,000
How long is a term?
Ten years, with one 10-year option.