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Seasonal Oceanfront Campground and RV Park

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Annual Revenue: $250,000

Minimum Equity Required: $400,000

SDE: $125,000

Location: Nova Scotia

Industry: Campgrounds

ID: 1340

Status: Sold

Description

Long has this ocean front campground been a family affair and a passion project for the owners, taking it leaps and bounds forward in the last few years with endless upgrades. After 2 generations, and countless years of fun, success, and endless memories, the owners are now in their late 60s/early 70s and its time to pass the keys over to someone deserving and desirous of a wonderful seasonal lifestyle.

With 102 seasonal sites, full every year, a new owner can be comforted knowing there is a solid base of business year after year, while the additional 54 overnight sites will support an even stronger financial performance as the camping industry continues to experience growth YOY.

This campground is located 2.5 hours from Halifax and 40 minutes from a major commercial hub.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

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 when the listing becomes live.

Financial Information

* Keep in mind, SDE includes all costs being covered by company for owner to live on property, including vehicle, phone, housing, utilities, etc.

** It is our belief we have sold more campgrounds than any other brokerage in Nova Scotia and we are confident this business easily generates $250k++ in revenues and generates SDE in excess of $140k. If you are qualified, we will show you all you need to know.

Annual Revenue and Seller's Discretionary Earnings

2022
Revenue: $196,000
SDE: $120,000

2021
Revenue: $165,000
SDE: $93,000

2020
Revenue: $176,000
SDE: $122,000

2019
Revenue: $215,000
SDE: $124,000

* 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 40% 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

This stunning ocean front campground sits on 24 acres of land with west facing views that offer stunning sunsets for all campers and lots of adventure along its shores.

Today, there are a total of 156 sites available, Tent and Trailer.

There is an owner's cabin (seasonal) that provides a comfortable sleep at night. Nothing glorious, but it does the trick. A very nicely updated office is the primary hangout and meeting point for all visitors and guests.

Additional buildings include the community rec building, more than sufficient to host all sorts of events as well as large work and storage garage.

Heated outdoor swimming pool is a big attraction, in addition to several other on site offerings.

On site drilled well and septic.

*Gateway Business Brokers operates as an independent contractor and is not an agent, employee, partner or broker of the Seller, Buyer or any other party and does not owe fiduciary duties to prospective Buyers. If the business Purchase involves a transfer of real estate, of any kind, the Buyer/Purchaser shall obtain the services of a licensed lawyer for the conveyance and land or lease transfer element(s) of the transaction.

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

Complete NDA For Full Overview
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