Kentucky Lake Resort and Marina For Sale or Lease

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Kentucky Lake Resort For Sale or Lease
Asking Price:
$1,600,000

Gross Revenue:
$330,000
Cash Flow:
 Not Disclosed
EBITDA:
$168,000
Inventory:
$30,000
included in asking price

FF&E:
$150,000
included in asking price

Real Estate:
$500,000
included in asking price

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Business Description

Beautiful secluded Lake Front Resort on Kentucky Lake, 13 Miles from Murray, KY

7.5 acres with over 1,200 feet of waterfront, marina and 17 units including cabins and Condos

3.7 acres (half) of the property undeveloped and ready for RV pads, cabins, condos, tiny houses or campsites.

Resort has a Permanent Easement with the TVA. Buyer can develop without approvals from TVA

OWNER FINANCING available with down payment

LEASE PURCHASE Available with lower down payment, down payment would be credited to purchase price if Buyer exercises their purchase option during term of lease

ALL CASH Buyer Discount available with quick closing

Owner operator could live on property

Great upside for Owner/Operator or Developer looking to expand with RV sites or additional Units

Seller's business is in St Louis and we have 3 properties under development in St. Louis market. We do not have the time to give the resort the attention it deserves. We do not have to sell but it deserves a committed buyer that wants to take the resort to the next level.

About the Business

Year Established:
1940
Number of Employees:
3 to 10 seasona
Facilities:
17 units including 4 condos, cabins, 4 and 3 bedroom homes. Website has pictures and floor plans of each unit.
Full service marina with 32 slips
over 1200 feet of waterfront all units are either water front or water view
POOL
BEACH
Family Center
Playground, sand volley ball court , basketball court, horseshoes
Website:
www.paradiselakekylake.com
Market Outlook/
Competition:
Lots of repeat guests, internet bookings, VRBO listings and this year added AirBnB. Anticipate a 15% increase this year just by adding AirBnB
There are other nearby resort in varying condition. Our property stands out and show very well in comparison.
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About the Sale

Reason For Selling:
We are hotel owners and operators based in St. Louis and have currently have three hotels currently under development in the St. Louis Area. We simply do not have the time to give the resort the attention it needs. It is time for a new owner operator or developer to take the resort to the next level
Training/Support:
Seller will provide training and work directly with buyer during transition
Seller Financing:
25% down, market rate and terms

Triple Net Lease, $200,000 down, includes FFE, inventory, Security deposit. This would be credited against purchase price if Buyer exercises their Purchase Option during term of Lease.

Listing Info

Keywords:
Resort, marina, Condos, boating, fishing, families, fisherman, family reunions, kayaking, canoes, boat rentals,
ID:
1442853
Ad Detail Views:
0

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Business Listed by
Dan Mercurio

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U.S. Census Data for Calloway County, KY
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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