Vic Far Country REGION
GROUP ACCOMMODATION, CONFERENCES, SCHOOL CAMP -
$2,000,000
Business Description
Leasehold purpose designed and built by industry pioneers and is the most recent camp built in Victoria and enjoys almost exclusive use of miles of sand and surf.
Its unique position opposite a spectacular ocean beach guarantees that as one of the few Victorian camps with a coastal location - future bookings growth is assured.
Set up to accommodate two groups at a time or for single-use if required, the camp can accommodate up to 160 clients in en-suite rooms and during the Covid lockdown, the property has undergone a complete update and renovation meaning there is not one cent to spend.
Currently owner-operated, the business shows an extremely healthy operating profit with
forward bookings of over $2 million and growing with plenty of scope to grow the numbers considerably.
Current trade excludes most weekends and school holidays, so there is an opportunity to greatly expand the turnover. Low staffing levels are required, and the compact site is very easily maintained.
Your imagination will be the only limiting factor in expanding this business.
For the operator, there is a very comfortable 3-bedroom family residence on site. The residence has also been updated and renovated including a new gourmet kitchen. The residence is situated in its own private compound with massive 2 car garaging and ample guest parking or boat storage.
Very long favourable lease - 25 years
An inspection will reveal a sensational business in an awesome location. Strict confidentiality is required.
Asking - $2,000,000
Contact:
Brett Bowden
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Business Summary
Key Investment Insights
1. Unique location: The camp is situated opposite a spectacular ocean beach, making it one of the few camps in Victoria with a coastal location. This guarantees future bookings growth and sets it apart from other camps in the area.
2. Purpose-built and recently renovated: The camp was purpose-designed and built by industry pioneers and has recently undergone a complete update and renovation. This means there is no additional investment required and the camp is in excellent condition.
3. Capacity and flexibility: The camp can accommodate up to 160 clients in en-suite rooms and can cater to two groups at a time or single-use if required. This provides flexibility for different types of bookings and allows for potential growth in numbers.
4. Strong financials: The business shows a healthy operating profit and has forward bookings of over $2 million with potential for further growth. The low staffing levels and easily maintained site also contribute to the strong financials.
5. Opportunity for expansion: The current trade excludes most weekends and school holidays, leaving room for expansion in turnover. With the right imagination and strategies, there is potential for significant growth in the business.
6. Comfortable owner accommodation: The business includes a comfortable 3-bedroom family residence on site, which has also been updated and renovated. This provides a convenient living situation for the operator and their family.
7. Long lease: The business has a very long and favourable lease of 25 years, providing stability and security for the future.
8. Confidentiality: Due to the sensitive nature of the business, strict confidentiality is required for any potential buyers.
9. Experienced broker: The business is being sold by an experienced broker, Brett Bowden, who can provide valuable insights and assistance throughout the buying process.
10. Asking price: The asking price for the business is $2,000,000, which is reasonable considering the strong financials and potential for growth.