← Back to SearchBusinesses for Sale
PRINT
Verified Listing

Year Around Destination Restaurant + Cabins – Lake Views

RestaurantsFor Sale in MO

Listing ID: 1895433 | Broker Listing ID: BLP569023

Financial & Assets Details

$2,124,743
$482,250
$158,356
$5,000
Yes
$1,865,000

About the Business

Yes
1940
11 FT/14 PT

Business Description

Restaurant, Rental Cabins, and New Owners Residence over 3,200' with 4 Bedrooms and 3 Bedrooms - Many with Lake Views

The owners have built a strong brand drawing about 80% of their restaurant business from locals.

There is an opportunity to grow the catering business by renting/building another kitchen to serve this market. There is a great demand for catering of their faire which they have been unable to serve due to limited facility availability. They do cater when they can work it in. NOTE: There are 145 companies with 20-999 employees in the county.

The owners have made major upgrades and additions every year for the past 5+ years, resulting in growing sales and profits year over year. The new owner should be able to focus on managing and promoting the business since all of the upgrades have been completed.

Restaurant seats 150, with many tables having a lakeview. There is a large patio area with lake views too. Sales for 2019 were initially impacted as they made adjustments due to COVID restrictions. They ended up with sales slightly greater than 2018 but cost where higher reducing net.

In spite of COVID they ended up profitable in 2019 with 2020 Sales & Net up 25%/55% over 2019 and 2021 Sales & Net up 25%/35% over 2020

Sales for 2021 completed another record year. There has been consistent substantial growth for past 5 years. Sales have been boosted by all the upgrades and excellent management of this property.

The owner's house is 4 bedrooms + 3 Baths and could easily be converted into 3 rental units. A unit could be set aside for onsite manager to live. The new owner could use the top two floors which would consist of a 3 bedroom with 2 bath home. The lower level could then be converted into two rental units.

There are currently 11 rental cabins which have all been upgraded and many have lake views. Rental sales for 2021 are almost triple 2017 rentals and they turn people away every season. There is a total of approx. 6 acres with room to add 3 cabins without taking away from the intimate feel of this unique property. The owner estimates the cost per new cabin would be $60K each.

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.

Growth & Expansion

The hours in the restaurant can be extended and also add Mondays to the days open.

The cabins are usually fully booked for the summer and fishing/hunting times which indicates there may be some room for price increases.

In spite of COVID they ended up profitable in 2019 with 2020 Sales & Net up 25%/55% over 2019 and 2021 Sales & Net up 25%/35% over 2020

Sales for 2021 completed another record year. There has been consistent substantial growth for past 5 years. Sales have been boosted by all the upgrades and excellent management of this property.

The owner's house is 4 bedrooms + 3 Baths and could easily be converted into 3 rental units. A unit could be set aside for onsite manager to live. The new owner could use the top two floors which would consist of a 3 bedroom with 2 bath home. The lower level could then be converted into two rental units.

There are currently 11 rental cabins which have all been upgraded and many have lake views. Rental sales for 2021 are almost triple 2017 rentals and they turn people away every season. There is a total of approx. 6 acres with room to add 3 cabins without taking away from the intimate feel of this unique property. The owner estimates the cost per new cabin would be $60K each.

Market Competition:

This part of the country continues to grow at an above average rate. We feel the growth in population and the quality of the product will continue to keep this growing.

Location Details:

The entire complex has been totally upgraded over the past five years to the highest standards possible. The only thing you will need to do is standard day to day maintenance.

Support & Training

The owners are going to stay in the area to provide all the training and support needed by the new owners.

Reason for Selling:

Health

Listing ID: 1895433

Contact Broker

AEGIS Business Brokers, LLC aegisbusinessbrokers.com/ Listings: 6(479) 689-4455 View My Listings

  • In order for our sellers and brokers to track interested parties, the seller/broker contact information we have will be immediately displayed once you click request.

    Please send me more information about this listing. My contact information is as follows:
  • This field is for validation purposes and should be left unchanged.

Similar Listings

Similar Equipment For Sale

[custom-layout id="31567"]