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Established Seasonal Riverside Campground

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Price: $1,329,000

Annual Revenue: $250,000

Minimum Equity Required: $450,000

SDE: $120,000

Location: Nova Scotia

Industry: Hotels, Motels, Camps and other Lodging

ID: 1356

Status: Off Market

Description

Ideal for a hands on owner couple who have a love for camping/RV'ing and a seasonal lifestyle where you can make an annual income in just 6 months, providing you with 6 months to go and do whatever you wish! Discover this golden opportunity, ideally located close to major markets and tourism routes, where you'll be waking up in the heart of natural beauty of this well known and established RV park. Situated on 17+ acres of land alongside a lovely river, this business will not last long, given it's price point and profitability.

Key Features:
- Strategically located in a serene and sought-after area, making it a top choice for RV travellers seeking location, tranquility and natural beauty.
- Established reputation has built a loyal customer base and a sterling reputation in the industry.
- This park consistently generates quality revenue from their 55 seasonal sites and 60+ overnight rentals and various amenities.
- Offering an array of amenities including spacious sites, pool, laundry, showers, etc. ensures that guests have a memorable and comfortable stay.
- There's ample room for growth and expansion on the property, with possibilities for adding more sites, cabins, activities, or additional service offerings from the extra large detached garage.
- It's a nature's playground. The park's location provides fun outdoor activities such as fishing, hiking, tubing, biking, and kayaking, attracting outdoor enthusiasts year-round.

This business will not last long. Connect today and learn why Gateway Business Brokers has received multiple awards for business excellence and outstanding reputation. Our Mission is to deliver the highest customer satisfaction ratings of any business broker in North America. It's time you start living your ideal life today!

By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions.

Financial Information

Fiscal Year End is March 31

2023 (Nov. 1 - Oct. 14, 2023)
Revenues: $333,000
SDE: $150,000+

2023 (April 1, 2022 to January 1, 2023)
Revenue: $260,000
SDE: $140,000

2022
Revenue: $240,000
SDE: $95,000

Annual Return on Investment
Based upon a purchase price of $1,329,000, with an average portion of the purchase price being financed with normal commercial finance terms, we anticipate an annual Return on Investment of more than 24% ** (Details of these calculations provided upon request).

* Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

** Our expectations are for a minimum 35% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Operations

The campground sits on 17.3 acres of land and includes a primary 3 bedroom residence as well as an extra large detached garage. The business and property has seen many updates.

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA For Full Overview

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA for Full Overview
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