Description of the business for sale
This meticulously maintained property has been owned by the same family since starting the business. The resort has established a sterling reputation as a family-oriented vacation and leisure time destination. Repeat business is great - there are over 1000 nights already reserved for next season. New home sales and development in the area are exceptional. This is one of the few areas of the country where real estate prices have not declined in 2006/2007. People are leaving other areas of the country and moving here because of reasonable prices and lower cost of living. This is a great investment opportunity.
GROWTH: There is plenty of space to expand on the six lakefront acres for additional motel space, condos or campsites. There is plenty of space available to add boat slips.
COMPETITION: Development of lakefront property is booming in the area. Marina space is hard to come by and limited by TVA.
ADDITIONAL FINANCIAL INFORMATION
•Inventory: $15,000
•FF&E: $328,000
•Real Estate: $2,400,000
REASONS FOR SELLING: Retirement.
Support / Training provided by seller
Transitional training. Negotiable.
Description of the facilities
Resort and marina located mid-lake on a TVA reservoir in Tennessee. Includes boat storage, motel, cabins, restaurant, retail store, RV/tent campsites and campground, 2600SF residence and more on 6 lakefront acres with 1050 feet of lake frontage. Sale includes 52 adjoining acres with lake access for development into campground, RV park or single and/or multi-family residences.