Business Overview

UNDER AGREEMENT

This family friendly campground has beautiful views and sits on over 30 acres. Updated facilities, numerous cabin rentals, 3 residences (or additional rentals) and over 100 sites. Room for expansion and growth.

Financial

  • Asking Price: $2,900,000
  • Cash Flow: $235,718
  • Gross Revenue: $395,362
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1980

Detailed Information

  • 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
About The Facility:

Renovated Bathhouses and Rec Hall!

Is Support & Training Included:

2 weeks

Purpose For Selling:

Retirement

Pros and Cons:

Some competition in area since there are alot of attractions.

Opportunities and Growth:

Lots of land for possible expansion, and additional land for sale.

Additional Info

The business was established in 1980, making the business 42 years old.

The business has 2 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 people choose to sell businesses. Nonetheless, the true factor and the one they tell you may be 2 completely different things. As an example, they may state "I have too many various obligations" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competitors, recent decrease in incomes, or an array of other reasons. This is why it is extremely essential that you not rely completely on a seller's word, yet instead, make use of the seller's answer in conjunction with your total due diligence. This will repaint an extra reasonable image of the business's present situation.

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 deal. Numerous companies take out loans with the purpose of covering items like supplies, payroll, accounts payable, and so on. Remember that in some cases this can imply that profit margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that have to be satisfied or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area bring in brand-new consumers? Many times, companies have repeat customers, which develop the core of their everyday earnings. Particular elements such as new competitors growing up around the location, road building and construction, and personnel turn over can affect repeat customers and negatively influence future incomes. One essential thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the higher the opportunity to construct a returning client base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the regional mean family earnings influence future income prospects?