Listing ID: 82072
LAKE McCONAUGHY RESTAURANT,
BAR AND MOTEL FOR SALE
Marina Landing was total remodeled in 2020 and offers beautiful views of Lake McConaughy. It is a great place to relax and enjoy wonderful food and cocktails while taking in the panoramic lake views surrounding it! The restaurant has over 5000 sq. feet and features a spacious dining area, large bar, cute giftshop and outdoor patio area. There is also an 8-room motel which stays booked throughout the summer season! This property is being sold turnkey with all fixtures, furniture, kitchen equipment and décor. It’s ideal location on the northwest end of the lake makes it the perfect year-round spot for dining. Marina Landing has been in business for over 30 years and has always been a favorite among tourists, locals, hunters and fishermen! It’s ideal location is close to Lewellen, Oshkosh, Lemoyne and Ogallala, and people drive for miles to eat in this landmark restaurant. Don’t miss this opportunity to own this spectacular business on McConaughy. For additional pictures and information, visit www.fullerrealty.net. Call Danette Hansmeier for a private showing (308) 289-4597!
- Asking Price: $900,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1977
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The venture was started in 1977, making the business 45 years old.
The business has 4 employees and resides in a building with disclosed square footage of 5,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell companies. Nonetheless, the genuine reason vs the one they say to you might be 2 completely different things. For instance, they might state "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competition, recent decrease in revenues, or a variety of other reasons. This is why it is very important that you not rely totally on a seller's word, however rather, use the seller's solution together with your general due diligence. This will repaint an extra practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover things such as stock, payroll, accounts payable, etc. Remember that in some cases this can indicate that earnings margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract brand-new consumers? Many times, operating businesses have repeat consumers, which develop the core of their daily revenues. Particular variables such as new competitors sprouting up around the area, roadway construction, and employee turn over can influence repeat customers and also negatively affect future revenues. One crucial point to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the greater the chance to construct a returning client base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? How might the local mean household income effect future income prospects?