Marina Resort in Southeast Missouri For Sale

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Marina, boat rental, cabins, restaurant, bar
Asking Price:
$1,399,999

Gross Revenue:
$230,000
Cash Flow:
$130,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
$144,000
included in asking price

Real Estate:
$600,000
included in asking price

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Business Description

Nestled in the foothills of the Ozark Mountains, this amazing full-service marina resort has EVERYTHING a prospective buyer could possibly want as an investment at an asking price of $1.4 million. Located on Lake Wappapello( the largest lake in southeast Missouri ), one will find a vacation getaway that is quite convenient to reach, as it is only 2 HOURS south of the arch in St. Louis. Stretching over 35 acres, the resort is beautifully surrounded by thousands of acres of public forest, including Mark Twain National Forest, making this area the perfect place for excellent fishing, hunting and hiking.
While still a growing business with untold expansion options, gross revenue is $230,000; the resort has shown a growth rate of 25% over the last 6 years. Included in this amazing offer are the following:

1). 70 boat slips ( 40 covered/ 30 uncovered )
2). 8 pontoon rentals
3). Cabin rentals----- 4 two bedroom cottages
4). 16 campsites ( water and electric included )
5). Swimming pool
6). Convenience store with tackle shop
7). Restaurant and bar
8). Observation deck
9). Owners' residence----- four bedroom/ one bathroom
10). Easy access boat ramps
11). Mechanic shop
12). Sell gas

Revenue is certainly enhanced by year round rentals of cabins, boats and campsites. Also, the convenience store offers a vast array of items by selling everything from live bait to food and gas and a lakeview outdoor dining facility from which one can take in the breathtaking view of the region.
In terms of competition, there are 3 additional marinas on this extensive lake; the Army Corps of Engineers, however, has restricted building on the lake EXCLUSIVELY to the already-existing marinas. Established in 1961, the resort has proven to be a valued asset for the present owners and their 10 employees,but they have made the decision to pursue other business ventures. In the best interest of the resort, the present owners are willing to train a new owner. They will accept $500 K Cash down...however, they would prefer not to finance. All real property and improvements are owned while the 35 acres is long-term leased. Additionally, all inventory , buildings, marina and cabins are part and parcel of the sales agreement.
For any prospective buyer who has entertained the thought of owning a resort with amenities galore, this beauty in southeast Missouri deserves serious consideration. Full-service resorts of this quality do not come on the market frequently----- don't let this one " slip " away!

About the Business

Location:
Williamsville, Missouri
Year Established:
1961
Number of Employees:
10
Franchise:
Yes
Real Estate:
Owned
Facilities:
Residence (owners), cabins , convenience store ,swimming pool,restaurant and bar, observation deck, boat slips and ramps, mechanic shop, tackle shop , capability to sell gas
Market Outlook/
Competition:
3 other marinas on this expansive lake;however, the Army Corps of Engineers has placed building restrictions to allow only the already-existing marinas any building in the future.
Growth & Expansion:
With 35 acres, expansion is definitely a possibility, and the last 6 years have shown a growth rate of 25%------ that is a positive trend and should be able to continue with all the amenities involved in this sale.
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About the Sale

Reason For Selling:
Pursuing new business ventures
Training/Support:
Willing to train

Listing Info

ID:
1544703
Ad Detail Views:
4178

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Business Listed by

James Baker

Matchmaker Business, Inc.

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