Listing ID: 71340
Beautiful family campground situated on over 100 acres with river frontage!
About 100 sites with many seasonal campers, with pool, pavilion and other amenities.
2 Bedroom owners residence included
- Asking Price: $995,000
- Cash Flow: N/A
- Gross Revenue: $150,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1965
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Facility includes about 100 sites, with many full hookup. Pool, river frontage, beach area, pavilion, WiFi and other amenities. Includes 2 bedroom owner's residence.
some area competition in a good New Hampshire location
Lots of acreage that is undeveloped for potential expansion. Grow with rental units and cabins.
The business was founded in 1965, making the business 57 years old.
The company has 2 employees and is located in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell companies. Nonetheless, the genuine reason vs the one they say to you may be 2 completely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in profits, or an array of various other factors. This is why it is very important that you not count totally on a seller's word, however instead, utilize the seller's answer combined with your total due diligence. This will paint a much more practical image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that profit margins are too thin. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that have to be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new customers? Often times, businesses have repeat consumers, which form the core of their day-to-day revenues. Particular variables such as brand-new competitors sprouting up around the location, road building and construction, as well as staff turn over can influence repeat consumers and adversely influence future incomes. One essential thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the chance to develop a returning customer base. A final idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Just how might the local median household earnings effect future revenue prospects?