Twenty years of love for Beach beauty

by Grantlee Kieza 21st of October, 2021

Twenty years of love for Beach beauty
Beaches International Resort, Forster NSW

Greg and Tammy Randall arrived at the Beaches International resort at Forster 20 years ago with a babe in arms, and soon the building became their baby, too.

They nurtured the resort and watched it grow into a raging success.

Twenty years later the Randalls are moseying on into retirement in their early 50s after a large part of their lives spent in an ocean-front paradise while earning a great income.

They are selling the management rights to Beaches International for $2.75million at a time when it is returning a yearly profit of $411,900.

“When people hear that we’ve spent 20 years in management rights here they go ‘holy guacamole’,” Mr Randall said, “but Forster is honestly the most beautiful town in Australia and this is a wonderful building with lovely apartments all facing the ocean.

“It’s been such a fantastic place to live, and apart from being an enjoyable job financially it has been a marvel to work here.

“We arrived with the baby in our arms and soon the second one arrived and when your kids start going to school basically the anchor goes down. We have just stayed here so that 20 years later we are still running the same building. It’s just so lovely.”

Forster is a three and a half hour drive north of Sydney and 90 minutes south of Port Macquarie. The town and its  Great Lakes are one of Australia’s best beach destinations, and just 20 minutes away are the great surfing breaks at Pacific Palms, including Boomerang Beach, Blueys Beach and, a little further on,  the world famous Seal Rocks.

Forster, NSW
Forster, NSW

 

Beaches International is perfectly placed in the heart of Forster overlooking the glorious Main Beach and it offers a unique and highly lucrative business/lifestyle opportunity.

The property has 22 luxury units with 20 of them in its letting pool and it is just a short stroll to the north facing patrolled beach, cafes, restaurants and shops,

It has a consistent net profit verified by an industry accountant and there are no outside letting agents.

Mr Randall said the manager’s residence was 104 square metres with two bedrooms, two and a half bathrooms and a “massive” balcony.

“The office/reception is conveniently attached to the managers apartment,” he said. “I can still remember Tammy breastfeeding in the unit while I was working in the office next door – it's got that sort of convenience that only a family running a business would appreciate.”

Beaches International Resort, Forster NSW
Beaches International Resort, Forster, NSW

 

The property includes a large outdoor pool, spa and BBQ area and a gym with a pool view.

Mr Randall said the building had a very supportive body corporate with evidence of bi-annual contract top-ups and a salary of $56,980.

The manager’s apartment is valued at $900,000 and comes with three car spaces.

“When we first arrived here it was a small business with just 10 holiday apartments in a big building,” Mr Randall said.

“The business has really grown since then. It is still such an easy building to run - not that you don't have to work at it – but the pricing structure here for tariffs is so simple because all the units have ocean views and none of them are duds. They're all big two- and three- bedroom apartments. All of them have en-sutites with every bedroom and they have spa baths.

“That makes the pricing structure so simple, and it saves a lot of time on computer work.”

Mr Randall said largely because of a pro-active body corporate ensuring the building was always in top condition, Beaches International had a “tremendous reputation in town” meaning it did “amazing business” from guests visiting friends and relatives.

Forster is on a land spit between Wallis Lake and the Pacific Ocean, and offers visitors boating, fishing, paddling, surfing and relaxed charm.

Other popular activities include whale and dolphin-watching cruises, scuba diving, sailboarding, and hiking through the glorious national parks.

“It really is a beautiful part of the world,” Mr Randall said. “We had been involved with pubs and restaurants, but this was the first accommodation business that we had, and honestly running this building was the greatest goal we’ve ever kicked.”

Find the business listing details HERE.

Find more Accommodation For Sale HERE.

Find the latest industry news HERE


MOTEL WITH AWESOME VIEWS, TOWNSVILLE CITY
Passive Investment opportunity with approved DA of 105 rooms, in prime location | Resort Brokers ID : INV007238
Melbourne Caretaking Only Opportunity at Two Modern Complexes | Resort Brokers ID : MRC007247
NEW FARM & KANGAROO POINT BUSINESS-ONLY MLR WITH $280K NET | Resort Brokers ID : MRB007240
Ideal Add-On! Two Premium Caretaking Only Complexes in West Melbourne | Resort Brokers ID : MRC007245
Award winning Quest Franchise with long lease and solid performance | Resort Brokers ID : LH007181
consistent performing holiday business + lifestyle in prime coast location | Resort Brokers ID : MR007230
Business For Sale - Caretaking Only - Sunshine Coast - ID 9056 BL
Two Business Only Management Rights in the Inner Western Suburbs of Brisbane | Resort Brokers ID : MRB007237
THE BIGGEST AND BEST REGIONAL ACCOMMODATION PROPERTY AND CONVENTION CENTRE | Resort Brokers ID : FH007221
Rare management rights opportunity-no office hours and minimal caretaking duties | Resort Brokers ID : MR007236
First time on the market, freehold caravan park | Resort Brokers ID : FH007201
2047ML - A CRACKING MOTEL THAT CONTINUES TO GROW
1994MF - CONSISTENTLY PROFITABLE, EASY TO RUN FREEHOLD MOTEL
Business For Sale - Permanent Complex in Family Friendly Neighbourhood - ID 9055 BL
Great North Side Complex
2710ML - SO CLOSE TO THE CITY, SUCH EASY ACCESS
2621ML - ANOTHER SUCCESS STORY IN SPITE OF THE BUG!