Heart of Maggie Valley Hospitality Gem

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Asking Price:
$1,450,000

Gross Revenue:
$310,224
Cash Flow:
 Not Disclosed
EBITDA:
$55,000
Inventory:
$25,000
included in asking price

FF&E:
$110,264
included in asking price

Real Estate:
$1,300,000
included in asking price

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Business Description

This property is one of a kind. Adjacent to the Maggie Valley Fairgrounds with creek frontage on a beautiful trout stream Smoky View Cottages and RV Resort is available for the savvy investor. Business includes 17 cottages, 21 RV sites, swimming pool, trout stream and 2.991 acres. Additional properties are available which includes cottages, laundromat, enclosed fire pit and magnificent owners living quarters. With dreams of Ghost Town in the Sky reopening this spring Maggie Valley is hot. Just a short drive from Cataloochee Ski Resort, Blue Ridge Parkway, Great Smoky Mountain National Park and Harrah's Cherokee Casino the location is superb.

About the Business

Location:
Maggie Valley, North Carolina
Year Established:
1966
Number of Employees:
5
Home Based:
Yes
Real Estate:
Owned
Building Sq. Ft.:
18,000
Facilities:
17 Cottages with a variety of sizes and 21 RV sites with ample parking, swimming pool and trout stream in the heart of Maggie Valley within walking distance of shopping, restaurants, festivals and other tourist attractions.
Website:
www.smokyviewcottages.com
Market Outlook/
Competition:
Adjacent to Maggie Valley Fairgrounds. Trout Stream. Centrally located and within walking distance or short drive from most major attractions.
Growth & Expansion:
Additional land and facilities available within the complex as part of the estate which could be used for expansion however they are not included in the listing agreement.
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About the Sale

Reason For Selling:
Property is in an estate and must be sold to settle subject estate.
Training/Support:
Seller will train new owners for 30 days.
Seller Financing:
Possibly with down payment.

Listing Info

ID:
1551994
Ad Detail Views:
343

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Business Listed by

Andy Jordan

Jordan Properties
License# 136276

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