Listing ID: 79069
Tall Timber Lodge, located on Back Lake in Pittsburg, NH is a four-season sporting camp resort offering vacation cabin and room rentals since 1946. The property and business were acquired by the Caron family in 1982. Since then, the family has improved existing structures and has acquired many new rental units over the last 40 years. The Rainbow Grille, the on-site restaurant was opened in 1998 and offers exceptional dining in a relaxed atmosphere. The resort also offers licensed professional guides for fly fishing and bird hunting enthusiasts; fly fishing schools; fishing boat rentals; and snowmobile rentals.
The property itself, located on 10 acres directly on Back Lake, includes
the main lodge which consists of a registration desk, lobby, deck, gift shop, laundry room, housekeeping facilities, and the Rainbow Grille. There are two rental apartments and eight private rooms located in the lodge, four with private baths ensuite and four with a shared bath.
The resort also features fifteen stand-alone onsite cabins and two apartments on the lower level of the lodge building. All of the cabins and apartments are winterized and available for year-round rental.
Tall Timber Lodge’s vacation rental component includes rental contracts with private owners of 11 off-site properties, from rustic cabins to luxurious homes.
Further financial details regarding this rare opportunity will be provided to qualified buyers upon signing a confidentiality agreement.
- Asking Price: $4,500,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $650,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1946
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:10,000
- Lot Size:N/A
- Total Number of Employees:31
- Furniture, Fixtures and Equipment:N/A
Resort consists of a main lodge, 2 apartments, 15 cabins, multiple boat docks, and waterfront access.
The current owners are willing to stay on and train for two weeks after the transfer of the business at no charge. They are also willing to discuss contracting for longer term training and support depending upon the needs of the buyer.
After 40 years running the resort, the sellers are looking to retire.
Tall Timber Lodge is the premier lodging and restaurant destination in the northern Great North Woods, offering a quintessential “Northwoods Experience”. Although there are many places to stay and eat in the area, the location, quality of accommodations, and fine dining reputation of this resort is unrivaled. There are two primary competitors in the area who offer cabins, lodges, and houses for rent, one of which also has a seasonal restaurant. Tall Timber Lodge feels that with its award-winning on-site restaurant, extraordinary location on Back Lake, and a solid well-established reputation earned over forty years of family operation gives them a leg up on their competition.
The potential for increased business for Tall Timber Lodge is directly proportional to the amount of experience the new owners bring to the table and the amount of energy they are willing and able to put into the overall operation of the business. The current owners believe that by offering a sit-down breakfast meu (in addition to the existing Breakfast to Go) and a tavern menu in the Rainbow Grille & Tavern will exponentially increase revenues and profitability as there is a dearth of quality dining options in the Pittsburg area. Offering lunch, in addition to the existing availability of Bag Lunches has also been discussed but not implemented. The greatest source of expanding revenue is to increase the Property Management program. The current owners have not actively marketed for additional inventory, but this certainly would be an area for growth. Improving the ability to foster business relationships with other area businesses to create packaging opportunities with desirable experiences for our guests such as downhill skiing, cross country skiing, and golfing. Offering ATV rentals for both guests and the public, and to expand the existing snowmobile rental program to the public as well as guests.
The venture was started in 1946, making the business 76 years old.
The company has 31 employees and is situated in a building with disclosed square footage of 10,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell businesses. Nonetheless, the real reason and the one they tell you might be 2 absolutely different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be excuses to attempt to conceal the reality of changing demographics, increased competition, current reduction in incomes, or a range of various other factors. This is why it is extremely vital that you not count completely on a seller's word, but rather, use the vendor's response combined with your total due diligence. This will paint a much more realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover items like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that profit margins are too small. Lots of organisations 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 think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in brand-new customers? Most times, businesses have repeat consumers, which form the core of their everyday earnings. Specific aspects such as new competitors growing up around the area, road construction, and also personnel turn over can affect repeat consumers and adversely influence future incomes. One crucial thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the better the possibility to develop a returning consumer base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? How might the regional typical house earnings impact future revenue potential?