2495ML - COUNTRY LIVING WITH AN INCOME
- 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
Key Investment Insights1. The business for sale is a country lifestyle motel located in the heart of Charlton, Victoria.
2. The motel has 12 spacious and well-appointed rooms, all of which are airconditioned.
3. The property also includes a comfortable, clean 3 bedroom residence attached to the reception.
4. The motel has a proven track record as it is currently ranked No.1 on TripAdvisor.
5. It has been a landmark in the Charlton township for many years and has a stable trade.
6. The business has potential for growth and was previously a successful venture with a turnover of $276,000 and a significant net profit.
7. The current operators have maintained the facilities and there is still room for improvement and expansion.
8. The location offers a friendly country lifestyle with access to all town facilities.
9. The surrounding district has a population of approximately 1,200 residents, providing a mix of families and newer residents.
10. The retail sector in Charlton has seen growth with an increase in traffic through the town, providing opportunities for attracting tourists and servicing the local community.
11. The business has a net profit of $75,315 for the 2018/19 financial year.
12. The property is listed with Property ID: 2495ML and can be inspected by contacting Andrew Cronin from Tourism Brokers.
13. The property is listed under Property Code: 2353.