Last Listing description (November 2019)
108 Acres on a 420m river frontage and access from the main Burrum Heads Road. Fenced and gated. Entrance has automated gate and security.
This is an incredible opportunity to own a turnkey operation, currently owner-operated by a husband and wife team. The owners have spent approximately $4.5m purchasing and developing the property, and are now offering the property for sale at a substantial discount. The owners will train and handover the facility and business to the buyers once the sale becomes unconditional. The owners will also consider offering their services for 2 years to the buyers after settlement, be it a sub-contract to manage the team building section or employed with a separate contract. Please visit the links above and read the reviews coming from the travelers, campers and team builders who clearly appreciate their high standards of care and strict policies.
Would the buyer need Caravan Park Experience? The business runs very efficiently and has a good reputation, history, an excellent web and social media and a loyal customer base including return clients. The buyer need not have prior experience but just be hard-working, great with people and possess some marketing skills.
What is the current DA? The current DA is for 22 waterfront cabins, on an 11acre man-made lake with three islands, the approval of a new home and a new admin and conference centre, full amenities, caravan sites, treatment plants, roads that are part of the normal DA requirements, plus outdoor recreational facilities.
Currently also operating an Eco Bush camp with 100 sites with most sites on water frontage.
Can this DA be expanded? Yes, through the seller's consultant and town planner the Fraser Coast Regional Council have shown support for increasing the current number of sites and cabins by 150 cabins and 200 powered sites.
However, it is a development in progress, but with the ability to increase income as is now with massive marketing. To accelerate income more would require some capital but utilizing the massive infrastructure makes this investment very low.
What is included in the property and business at present?: There are 10 powered sites plus 8 powered glamping sites. The original development approval includes an 11 acre man-made lake, couch lawns, roads, gazebos, stocked with fish and has full infrastructure underground to service 22 cabins approved on the 3 islands. The infrastructure includes treatment plants that lead off the islands to grey water areas, the 3 phase power and plumbing from each cabin site back to the treatment plants. The underground/water irrigation/plumbing and power is estimated to be 6km. The modern amenities block has 9 toilet & showers/ basins. There is an existing residential home and outbuildings, roads, treatment plants, full team-building obstacle course, an event obstacle course, a 10m tower for flying fox (100m zip line) and abseiling wall, marquee tent accommodation, 3 Phase power, town water to the business section and to homestead water tanks, if required. Chattels and machinery is all part of it as well as the excellent media sites and brand.
Terms of Sale:
Cash Price - offers over $2 mill, (half the amount invested in infrastructure and assets by the sellers). 10% deposit upon signing contract, 30 day settlement.
Due Diligence by the buyer is to be done prior to signing of contract.
The vendors respectfully request that buyers have funding in place prior to inspection.
A meeting with the sellers town planner after inspection is possible and recommended at the buyers cost if the buyer is intending to proceed and requests meetings etc with council through our planner.
Best unconditional offer secures the sale and can be accepted any time, preferably prior to 20 Nov 2019. An inspection is encouraged from today.
Buyers are not buying the company. The seller's loans and creditors will be settled at settlement. This is a fresh start for a buyer inheriting a going concern FOC.
What do I need to do to get more info: If you can access at least $2.3m, a buyer will enjoy high standards, people, kids, farm living..Marketing knowledge and skills or at least know someone in your family/partners who can help. Please ask for:
1. Intro Document.
2. Confidentiality document signed and returned.
3. Info Memo, DA info, Lists of improvement and Chattels etc. Note far more than listed will be left by the buyers as is where is. This can all be useful to the buyer and has value and could include home furniture, depending on the sale terms.
4. Plan a fast inspection and meet the consultant. The inspection with the seller is very thorough and very rewarding. You will get a full accurate explanation to the reason the bottom line is low. Basically what you see is what you get.
Contact Details: Jason Smith, Exclusive Agent.. Jason@caravanparkbrokersqld.com.au 0418724016