This popular resort / bar and grill is a must see destination for all travelers to this popular lake. The property is in mint condition and offers a huge amount of growth potential. Currently the business operates as a seasonal cash cow generating $3 MM (+/-) in revenue and $1.63 MM (+/-) in earnings per year (5 months per season). The location has grown due to the beauty of the property, consistently great service, and fun atmosphere.
The main role of the current owner in recent years has been property promotion and development. He will help out on busy days acting as a floor manager and filling in anywhere that needs him. The numbers shown reflect hiring a floor manager to create an even more passive opportunity for the next owner. The numbers reflect a more passive owner who is not required to work in the day to day operations. With the necessary management already accounted for in the numbers, a new owner could travel and manage from afar with proper personnel. Upon transition a new owner would need to replace the current office manager and restaurant/bar manager as well as hire a floor manager (all of which are accounted for in the earnings represented). The current owner and managers are willing to provide a reasonable transition period to get any replacement personnel trained and up to speed. The owner is ready to pursue other business interests and is committed to a smooth transition of ownership.
*Real Estate is included in the purchase price:
Total Land: 27.81 Acres (M/L)
4.05 Acres (M/L) Developed
22.76 Acres (M/L) Ready for Development, Utility Hookups in Place
1 Acre (M/L) Across from Road Entrance. Billboard included.
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