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Riverside Campground & RV Park
Location: Nova Scotia
Very nicely updated park, set in a beautiful and peaceful setting. This simple park, with a stable income profile, can be operated for the 5 months season by just a couple.
A nice blend of seasonal campers, meaning they rent a site for the entire season, overnight sites, and cabins.
Updated Office, General Store, Games Room and Rec Hall offer guests a clean comfortable setting and many services and supports to make their experience memorable. For the growth minded, there are multiple areas for expansion in service and/or sites to help increase top and bottom lines, as well as overall value. We'd welcome a discussion to share nearly 20 years of expertise in this space.
Financial Information: (Canadian currency)
Average revenues over 4 years - $120K
Average Seller's Discretionary Earnings (SDE) over 4 years - $63K
Based on a recent increase in seasonal rates, SDE is expected to be close to $70K.
For sake of example: A $300K mortgage over 20 years would be $1891/Month
SDE - Seller's Discretionary Earnings are the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. In addition, SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.
Minimum Equity Required
$250,000
Real Estate:
15 acres Well and Septic System
Owner "seasonal" Accommodations
Total Tax Bill for 2020 - $1240
Price
$599,000