Charlton, Victoria

2495ML - COUNTRY LIVING WITH AN INCOME

SOLD

Business Description

- Beat the rush to move to Regional Victoria.

- Where you can buy a house that provides an income.

- A comfortable, clean 3 bedroom residence is attached to the reception.

- No.1 on TripAdvisor.

- Located in the heart of town.

- 12 airconditioned, spacious and well-appointed rooms.

- A proven performer with a stable trade.

- Perfect starting business to enter the market with.

- Currently operated as a country lifestyle motel.

- Massive room for growth.

- In its hay day, it turned over $276,000, with a huge Net Profit.

The Foundry Palms Motel is ready to bring it back to its former glory days. It has been a landmark in the Charlton township for many years. Clean facilities are the only standard. A constant maintenance program has been undertaken by the current operators. This motel business has room left to grow. If you enjoy the friendly country lifestyle where you are close to all town facilities, then look no further. An inspection is the only way you will appreciate this Motel. Still plenty of improvement left for the motivated operator. Call to arrange an inspection today.

Net profit $75,315 for 2018/19

Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2495ML (quote when enquiring)

Location: Charlton and the surrounding district has a population of approximately 1,200 residents comprising of a vibrant mix of families who have lived in Charlton for generations and newer residents who have moved to Charlton for employment, retirement or simply a change of pace.

The retail sector has changed dramatically over the years and with the increase in traffic through the town, the opportunity to attract tourists as well as service local community needs, is a prime motive for the local retailers. There is a terrific range of food outlets and gift and clothing stores as well as the necessary shops required for everyday needs including a newsagent, two banks, two supermarkets, a second hand store and a hardware store.

Property Code: 2353

Business Summary

Marketing Agent

Andrew Cronin

0433 09....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

Key Insights:

1. The business for sale is a country lifestyle motel located in the heart of Charlton, Victoria.

2. The motel includes a comfortable, clean 3 bedroom residence attached to the reception.

3. The motel is currently ranked No.1 on TripAdvisor, indicating a strong reputation and customer satisfaction.

4. The property has 12 airconditioned, spacious and well-appointed rooms, providing ample accommodation for guests.

5. The business has a stable trade and is a proven performer, making it a perfect starting business for someone looking to enter the market.

6. There is massive potential for growth and improvement, with the business having been a successful and profitable venture in the past.

7. The current owners have undertaken a constant maintenance program, ensuring that the facilities are clean and well-maintained.

8. The population of Charlton and the surrounding district is approximately 1,200 residents, providing a steady flow of potential customers for the business.

9. The retail sector in Charlton has seen growth and changes, providing opportunities for the motel to attract tourists as well as service the local community.

10. The property has a net profit of $75,315 for the 2018/19 financial year, making it a profitable investment opportunity.

11. The property is listed with Property ID: 2495ML and interested buyers can contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.

12. The property is listed under Property Code: 2353.