Asking Price: $1,600,000 Gross Revenue: $330,000Cash Flow: Not DisclosedEBITDA: $168,000Inventory: $30,000 included in asking priceFF&E: $150,000 included in asking priceReal Estate: $500,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
3 to 10 seasona
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
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.
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
Seller will provide training and work directly with buyer during transition
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.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.