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Profitable Resort Marina with Opportunity Like no Other For Sale
- Georgia, United States
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- Business description
- Resort/Marina with huge growth potential located on the Chattahoochee River at the corner of Georgia, Florida and Alabama with gulf coast access. This is truly a unique opportunity. 70 acre property with 50 year renewable, assignable lease with Army Corp. of Engineers. Owner also owns houseboat manufacturing facility and is currently installing 3 houseboats per month (26 over last eight months) with a net retail profit to the resort of approximately $52,000 each on all current orders. There are +/-70 more slips available to fill with this product resulting in an estimated retail profit of 3.5 million over the next two years. Once all slips are filled, cash flow for the business is expected to be $600,000 based on a conservative increase in sales of 150% per year. Prior two year sales increase has been 265% since new owner took over operations. Last year income of 3.3 million with cash flow of $212,000. Property consists of all new facilities including 1,600 square foot ship store, 100 seat restaurant/bar, 1,800 square foot clubhouse with gameroom, conference facilities, pool, spa, volleyball courts, 10 rental cabins, underground sprinkler system, 26 full service RV sites, private cable system, gated access, nature trails, new rental boats, 5 room motel, 10 large boat slips, 30 houseboat slips, maintenance facility and all newer equipment needed to operate the business. Environmental assessment in place and approval obtained for an additional 66 RV sites, 37 rental cabins, 136 dry boat storage racks and 66 covered slips in additional to the 70 houseboat slips forementioned. Excellent POS accounting system and controls in place including automated billing procedures. Owner is willing to sign protected sales pricing agreement for the houseboats being installed and manage sales/marketing functions in addition to staying on to transition for 3 months or longer with profit sharing plan. Possible owner financing with 50% down. Selling for $5,240,000. Prospectus available with signed non-disclosure.
- General information
- Years established:2
- Employees: 20
- Real Estate: Lease
- Lease terms:50 year commercial lease with Army Corp. of Engineers
- Expansion potential:26 of 90 houseboats sold in first eight months. Great margin to be made on remaining sales.
- Support & training:3 month transition or longer with profit sharing plan
- Reasons for selling:other business interests
- Financing available?possible owner financing with 50% down
