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Cherokee Lake Fishing Camp & Cabins
Location: United States -> Tennessee -> Bean Station
Industry: Hotels and Holiday Accommodation > Camping and Parks




Business Summary

3 acres of prime, waterfront property on Cherokee Lake complete with 4 fully furnished, log cabin rentals and a 5th Duplex now being built. The camp site for sale has amenities that include a whitesand playground area with drinking water tap; Good gravel parking area for pontoons, RVs, etc; Newly built, 2008 boat launch ramp and lakewater slide; Shared Gazebo w/drinking water tap; Community Showers addition to Main Camp Lodge & Office Bldg; New Recreation Room being built underneath 5th Duplex project for use as Exercise spa and Big Screen TV sporting event center; 1985 built dock float of 16' x 16' for bankside fishing & boat docking; Extra cleared off areas for Horseshoe and Volleyball games; Paddle Boat rental; Gas grill rental; Video movie rentals; Waterslide Ride rental; Ice Cream Machinery for onsite site shop or offsite catering; New 2008 concrete walking trails from cabins #3 & #4 to the lake; Current outer remodeling of cabin #3 and expansion of its parking area; Potential of acquiring neighboring lots for future RV camper park; Cabin #4 provides artesian spa bath; All cabins built in pairs and rented as such, for $30 per day for cabins #1 or #2 on a 2 or more day rental visit; for $50 per day for cabins #3 & #4 on a 2 or more day rental visit; one day only rentals are $50 and $75 per day/pair; Weekly rates for cabins #1 or #2 are $180/wk + tax and for cabins #3 or #4 are $300/wk + tax. The weekly plan provides 1 free day of use. The monthly rate on cabin #3 only is $500/mo + tax + deposit. On future duplex apt #5 or #6 the monthly rate is to be $650/mo + tax + deposit.

Expected monthly cash flow of these units is to be $1300/mo. The added monthly cash flow for offseason rental of cabin #3 would be $500/m or a total cash flow of $1800/mo over a 3 month period. The potential of renting the lodge cabin out at $750/mo is not estimated in this total. Total selling price at $675K or nearest offer by emailing or calling (865)-993-2348 or (423)-587-3576 (Steve


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $24,600
Cash Flow:   $17,100
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2003
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Request emailed photos of this business.
Reason For Selling:  Expanding past my ability to manage alone. Single man with no heirs or employees. Failing health. Need to retire.




Print Listing Id: 700106179
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Tennessee Businesses For Sale > Tennessee Franchises For Sale > Tennessee Business Brokers



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