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Price: $975,000
PropertyID: 00780VIC
Property Type: Business
Bedrooms: 5
Bathrooms: N/A
Energy Rating: N/A
This property is: 200 km's north east of Melbourne
Description: Calm Waters comprises 9 cottages, restaurant/activities building, IG Pool and Tennis Court, 4 b/r residence, on 49 acres overlooking Lake Eildon at Howqua. For couples only, it is offered on a WI/WO basis with all stock and sundries needed to operate included. Extensive customer list (email & postal). This business has not been run effectively for some time but with a committed, energetic owner/manager can do great things. There are two smaller but very similar businesses for sale locally that are run better and demonstrate the strength of the local area as tourism destination. Both have similar asking price to Calm Waters, for much less in terms of capacity, acreage, facilities and growth potential. Calm Waters has done well in the past but owners have lost interest and it shows. They moved away 5 years ago leaving hosting to others not often satisfactorily. However most recent host, who begun work in December 2001 has been very successful in bringing business back and growth in 2002 has been phenomenal at 175% - A substantial proportion of this has been repeat customers accumulated since 1994. To view business site go to www.calmwaters.com.au
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