Listing ID: 76662
This Business is the Rocky Mountain region’s exclusive cable driven water-sports park. Imondi Wake Zone has consistently won awards and recognition since its establishment. Cable operated wake-boarding, water-skiing, and knee-boarding provide a way for families and kids to participate in these towed water-sports, all without the use of a boat. All equipment used by customers in the park is available for sale, or use at reasonable rental rates.
Cable Tow Systems are environmentally friendly, as they use just a small electric motor that powers the system. This system can tow up to 7 riders at a time to experience wake-boarding, water-skiing, and knee-boarding.
Imondi Wake Zone additionally offers a water sports training program for kids 7-15 years of age. This activity gives kids the opportunity to learn about water sports safety, etiquette, sportsmanship, and improve their skills on the water, all in a safe and controlled environment.
The Business also operates an inflatable Aqua Park venue on site serving individuals and group parties. The Aqua Park is located on the water and includes jumps, slides, trampoline, runways, and other playground like equipment for kids and adults to enjoy. This provides alternative outdoor water activities in a safe, controlled environment.
Shade areas, picnic tables, yoga dock, and volleyball are among other activities available. Adult and non-alcoholic refreshments along with small snacks, water sport equipment, accessories, and souvenirs are available in the Pro Shop. This unique, seasonal adventure park operates from Spring through Fall.
- Asking Price: $1,600,000
- Cash Flow: $135,000
- Gross Revenue: $350,000
- EBITDA: $135,000
- FF&E: $1,191,800
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
The company's facility consists of a 4.13-acre property with a 1056 sq ft building, parking lot and other amenities and is owned by the Sellers. This property connects directly to a 30 acre lake owned by and leased from the city of Fruita. 11 years remain on a 15 year lease with 3 additional extensions of 5 years each. Lease is 5000 per year with a 3% increase annually. The company operates a retail Pro Shop in the building and maintains a guest picnic area, volleyball court, and parking area. The Pro Shop property utilizes 30% of the available retail space, and there is a 2-acre vacant parcel ready for expansion. The Real Estate is not part of the listing price but is available for purchase. The Sellers desire to sell the Real Estate with the business but will lease the property to the right buyer.
The owners are available for a solid transition.
Owners wish to open similar parks in other regions of the United States.
Imondi Wake Zone does not have overall direct local or regional competition. The inflatable Aqua Park Section has some competition in hosting birthday and group parties, although competitors are not as involved in the water-based outdoor activities offered by this Business.
This Business would benefit from creating a regional program advertising the Cable Park's features. Expansion of marketing efforts into the nearby ski resort areas, to target ski and snowboard enthusiasts, would certainly bring a more diverse guest roster to the cable park. Many of the parks' activities are similar to those experienced in the winter snow season. The addition of a restaurant and eatery would entice guests to spend the full day at the Imondi Wake Zone.
The company was established in 2017, making the business 5 years old.
The transaction doesn't include inventory valued at $5,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell companies. Nevertheless, the genuine factor and the one they tell you might be 2 absolutely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be reasons to attempt to hide the reality of altering demographics, increased competitors, current decrease in revenues, or a variety of other reasons. This is why it is very crucial that you not rely absolutely on a seller's word, yet rather, use the seller's answer combined with your total due diligence. This will repaint a more practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies finance loans with the purpose of covering items such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that earnings margins are too tight. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that have to be met or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in new clients? Most times, businesses have repeat customers, which form the core of their everyday profits. Specific elements such as brand-new competition sprouting up around the area, road construction, and staff turn over can impact repeat consumers and also adversely influence future profits. One important thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the chance to construct a returning client base. A last idea is the general area demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Just how might the local median household income impact future revenue potential?