MergerPlace

Lakeside Resort

Missouri


  • Asking Price: $4,700,000
  • Gross Income: $950,908
  • Cash Flow: $472,168
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: Not Disclosed
  • Listing ID: #219160
  • Established: 1960
  • Employees: 1 FT/16 PT

Business Description

Lake front resort in prime location on one of the biggest lakes in Missouri. This lake has consistently been voted one of the best in the state. This vacation destination has been in business for over 50 years and caters to families, couples, fishermen and anyone else needing some time to get away and relax.


Business Details

Primary Business Category: Travel Services
Location: Missouri

Company Information

Year Established: 1960
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/16 PT

Financial Information

Asking Price: $4,700,000
Gross Revenue: $950,908
Cash Flow: $472,168
Inventory: $10,000
Seller Financing Available: No

Property Information

Facilities:

The facility sits on over 6 acres of prime property located near numerous restaurants, shopping areas and other attractions. The resort is easily accessible by land and water. There are over 30 units that are rented nightly in separate buildings. The property also features boat docks that can be used by guests in addition to a private boat ramp. Other amenities include a swimming pool, swim dock and a picnic pavilion just to name a few.

Growth & expansion opportunities:

There is unused space on the land that could be used to build additional lodging or other revenue generating facilities/activities. The seller has other growth ideas that a new owner could explore as well.

Competition:

There are many hotels, motels and resort facilities on the lake but none can offer the combination of room variety, amenities, value and location that this property provides. This combination has proven to be a winning recipe throughout the history of the business.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ no cost.

Contact Business Seller

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Business Listed By:

David Hamm

Murphy Business Brokers