Listing ID: 71353
Campground located in an Opportunity Zone!
Campground is operating and located in the Northeast.
- Asking Price: $1,000,000
- Cash Flow: $85,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1970
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
smaller campground with lots of acreage.
Opportunity Zone! Lots of acreage for potential expansion
The venture was established in 1970, making the business 52 years old.
The business has 4 employees and resides in a building with approx. square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. Nevertheless, the real factor vs the one they tell you may be 2 totally different things. For instance, they may claim "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or an array of other factors. This is why it is extremely important that you not rely completely on a seller's word, yet instead, make use of the vendor's response together with your overall due diligence. This will paint a more realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover points like stock, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that revenue margins are too tight. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also 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 should be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new consumers? Most times, businesses have repeat consumers, which form the core of their everyday profits. Certain elements such as brand-new competitors growing up around the area, roadway building, as well as personnel turn over can influence repeat customers as well as adversely influence future profits. One essential thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the higher the chance to construct a returning customer base. A final idea is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Exactly how might the local typical home income influence future earnings potential?