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Stunning Oceanfront RV Park
Location: Canada -> New Brunswick
Industry: Hotels and Holiday Accommodation > Camping and Parks




Business Summary

With over 1000 feet of clean, unobstructed white sandy beach with a reputation for having the warmest waters north of Virginia and one of the best salt-water beaches in Canada,

278 of the available sites are full service, 30 amp, with all power being upgraded to code in 2017.

Other profit centres include seasonal camper deck construction, overnight tourist sites, non-camper beach & visitor passes & on-site store sales.

SDE have being growing every year, have averaged $421k over the past 3 years, was $427k for this season.

For the 2020 season, gross sales are expected to exceed $675K, with forecasted SDE greater than $470K, and is is based on 2019 revenue plus a $40,800 seasonal site fee rate increase for 2020, as well as the addition of several newly created serviced sites for overnighters.
Open less than 5 months per year, there has not been an unoccupied seasonal site for the past 7 years (during present ownership) and all seasonal sites are fully reserved and paid-up for the 2020 season, which will make it 8 consecutive years

For information purposes: A new mortgage of $2.7M, 20 year amortization, would have payments of approximately $225k per year.

Includes a restored cottage, a large rental trailer, and a very large 3-bedroom home (approximately 6,000 sft) which has a 2-bedroom apartment (leased on an annual basis), a 4-room office suite, as well as a campground manager's office.
- Upgraded sewer system with a recently constructed (2012) on-site sewage treatment and disposal plant.
- In 2016 and 2017, the park went through a complete site electrical analysis and upgrade. All site wiring and connections that did not meet current standards were replaced.
- There are a total of 3 PIDs included, totalling approximately 28 acres + an additional 4 acres of seasonally leased land.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $580,000
Cash Flow:   $427,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  1900
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes




Print Listing Id: 700341571
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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 > Business Brokers > New Brunswick Businesses For Sale > New Brunswick Franchises For Sale



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