Listing ID: 80611
This is a dream property with multiple revenue streams and lots of room for expansion. Located along a heavily trafficked gate way to a 4-season destination playground in Pennsylvania which offers: hiking, boating, jet skiing, kayaking, swimming, SUP boarding, canoeing, sailing, fishing, hunting, ice fishing, ice skating, snowshoeing, cross country skiing, all without leaving on the property. The property includes a successful 44-slip marina with 2 boats providing scenic tours, charters, kayak rentals, paddle boards, a 7-unit commercial/retail building, and a 12-unit boutique motel/Airbnb. Excellent foot traffic with 18,000+ visitors to the water operation alone. There is plenty of parking and easy access to both shopping and the rooms. This is the only property on the busy route with both direct lake frontage and direct access to 2,000+ acres of state game land. Plus a 3,000 sq ft loft apartment with lake views and a private boat dock.
- Asking Price: $5,500,000
- Cash Flow: $700,000
- Gross Revenue: $1,000,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1985
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:17,500
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
44-slip marina, 7-unit retail/office building, 12-unit motel, gift shop & office, 44 parking spaces.
The business was established in 1985, making the business 37 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. Nonetheless, the real factor vs the one they tell you may be 2 completely different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in profits, or an array of various other factors. This is why it is really important that you not count entirely on a vendor's word, yet instead, make use of the vendor's response together with your total due diligence. This will repaint a much more realistic image of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering things such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that profit margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract brand-new consumers? Many times, companies have repeat consumers, which develop the core of their day-to-day profits. Particular variables such as brand-new competitors growing up around the location, roadway building, and employee turn over can affect repeat clients and also negatively influence future revenues. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business on a regular basis, the greater the chance to develop a returning client base. A last idea is the general location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Exactly how might the local typical family earnings influence future earnings prospects?