Year Around Destination Restaurant + Cabins
www.GlobalBX.com
Listing ID:
700366506
Listing Title:
Year Around Destination Restaurant + Cabins
Quick Link:
http://www.globalbx.com/listing.asp?bId=366506
Industry:
Hotels and Holiday Accommodation
Industry Segment:
Guest Houses / Bed and Breakfast
Country:
United States
State / Province:
Arkansas
Area
City:
Asking Price Range:
$1.0M - $2.5M
Gross Revenues:
$2,100,000
Cash Flow:
$222,837
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1945
Number of Employees:
20 - 34
Business Description:
Restaurant, Rental Cabins, and Owners Residence 3,400' - Many Lake Views
The owners have built a strong brand drawing about 80% of their restaurant
business from locals.
The owners have made major upgrades and additions every year for the past 5+
years, resulting in growing sales and profits year over year. No deferred maintenance!
Restaurant combined seating is 150, with many tables having a lakeview. There is a large patio area with lake views too. Sales for 2020 were initially impacted as
they made adjustments due to COVID restrictions and ended up down 6% from 2019.
Sales for 2021 were more than 30% over 2020 sales, proving to be their best year ever.
The owner's house could be converted into Airbnb for additional income.
There are rental cabins which have all been upgraded and many have lake
views. There is also plenty of room to add more cabins and some adjoining
property may be available.
Note: The owner's residence is upscale and makes a comfortable home private from day to day happenings if wanted.
Real Estate is Listed by Richard Roberts at The Brandon Group.
Signed NDA Required for Additional Information
Richard Roberts, ABI/SVA 479.689.4455 Ext 11.
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