Listing ID: 82186
This RV resort, campground and marina business for sale in the Midwest includes multiple campgrounds, marinas, restaurants and supporting properties. Nearly all of the businesses are located on a large lake that draws people from major cities within a two-hour drive. The complete package contains more than 230 acres of real estate with over 1,000 rentable campsites, 500+ boat slips and two full-service marinas offering sales, service and storage of popular outdoor recreational vehicles.
- Asking Price: $19,750,000
- Cash Flow: $953,521
- Gross Revenue: $6,921,007
- EBITDA: $953,521
- FF&E: $600,000
- Inventory: $350,000
- Inventory Included: Yes
- Established: 1971
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:43
- Furniture, Fixtures and Equipment:N/A
The combined properties include more than 230 acres with over 100 acres of lake access property. The campgrounds include numerous buildings to support retail sales, food service, maintenance, and recreational activities in support of hundreds of guests. The marinas include showrooms for retail sales, repair/service facilities, fuel points, boat storage facilities, and over 5,000 feet of concrete seawall to support boat rental and other modern marina operations.
The unique combination of outdoor recreation businesses creates a natural synergy which allows excellent cross-promotion of services to enhance the customer experience. The marina businesses maintain exclusive dealer rights for the sale of numerous popular brands of marine products and recreational vehicles. Additionally, the business offers full-service boat and recreational vehicle factory certified repairs and services allowing the business to maintain a dominant position as the top business for marine maintenance in the area.
The various businesses in this package offer excellent collective growth potential with opportunities for the addition of outdoor recreational vehicle offerings to customers and development of over 60 acres of vacant property including more than 20 acres of lake access property for expansion of current businesses or to build new recreational venues such as a water park, hotel or other businesses.
The company was started in 1971, making the business 51 years old.
The sale does include inventory valued at $350,000, which is included in the requested price.
The business has 43 employees and is located in a building with approx. square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nevertheless, the true factor vs the one they say to you may be 2 totally different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or an array of various other reasons. This is why it is really essential that you not count totally on a seller's word, however rather, use the seller's solution together with your total due diligence. This will paint a much more reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that profit margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract new clients? Many times, operating businesses have repeat customers, which create the core of their day-to-day profits. Particular aspects such as brand-new competition sprouting up around the area, roadway building and construction, and also staff turnover can affect repeat customers and negatively influence future profits. One vital point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business regularly, the better the possibility to build a returning customer base. A final idea is the basic area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Exactly how might the neighborhood average home earnings effect future income potential?