Business For Sale; 70 -- Hotels; RESORT.
This business is a 47 acre destination resort located in the North Georgia Mountains. Established in 2006.Within the business are 60 park model lots, with 37 lots remaining to be sold. The 12,500 sq ft Lodge anchors the property with eleven guest rooms, bunk room, full service restaurant & bar, swimming pool, wrap-around porch for dining and entertainment, a large Grand Hall for events, garage, board room, and natural Amphitheatre.Under current management, the resort operates year round with many special events, destination events, live music, charity events, and holiday events. The restaurant is open weekdays in the evening and all day Saturday and Sunday.Groups are a main driver of business throughout the year, and motorcyclists account for about 60% of current guests. The current owners have divested the original model to encourage local traffic in the restaurant and bar and have successfully recruited additional business in weddings, corporate retreats, family & high school reunions to civic/social club gatherings and bicycling camps.Since the new owners took over in October 2009, there have been six new cabins constructed, ten new cabins sold and constructed. In addition, there have been seven other re-sales of previously constructed cabins. The cabins range in size from 400 to 512 sq ft with one and two bedroom floor plans available. The current manufacturer of the park model and modular cabins is Green River Cabins in Campobello, SC.Of the 27 cabins on the resort, 21 participate in the rental management program. Cabin owners receive 70% of the rental proceeds less credit card fees and housekeeping. The business holds exclusive rental rights for all cabins located on the resort. Property has room to construct 30 new homes.One of the largest hurdles at this time is the lack of cabins. The resort stays sold out all weekends from Memorial Day through October, with a regret rate of at least 20% on busy weekends. Mid-week business has increased tremendously due to targeted marketing efforts and is the primary driver of the increase in Lodging from 2012.Net Profit was $124,700 in 2013$156,400 through August 2014Gross Sales for 2014 was approximately $1,250,00 with profit about $475,000.2015 is looking stronger then previous year.Priced at $2,200,000 OBO. Owner will review all Offers.
Selling Price: $2,200,000 Gross Annual Sales: $1,250,000 Region: Southeast (AR LA TN MS AL GA FL) Category: Listing #:78104 (B) [To receive the contact name for this listing, reference the five-digit number which follows each listing and e-mail to FirstList, email@example.com. FirstList will forward the contacts pertaining go the principals or intermediaries representing the businesses for sale in order to obtain additional information.]