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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