Location: United States -> Kentucky
Industry: Entertainment and Leisure > Other Entertainment and Leisure

Businesses for sale Summary

Since 1945, this recreational facility has been serving clients who enjoy the outdoors and various water sports from one of the most scenic settings in the Southeastern United States. The current owner purchased the business in 1983 and has operated the business continuously since that time. This business and property is now being marketed for sale so that the owner might begin to enjoy his retirement years. The business offers a number of services to their customers that range from renting out luxurious houseboats for a period of vacation to serving a tasty meal on the floating restaurant which is a part of this established business. Rental income is generated from renting boat slips which can include covered on-the water storage facilities and dry land storage areas. Vacationers can rent furnished cabins for periods of time from an overnight stay up to week long periods of relaxation and fun. Fishing boats are rented to sportsmen who want to experience one of the regions best fishing lakes. Rental boats range from flat bottom jon boats up to more spacious pontoon boats which can be used for fishing, swimming and other water related activities. Houseboat rentals are a popular item with customers as the business offers several different sizes of boat with varying passenger capacities and living amenities. The largest houseboat for rent is an 86′ craft which can sleep up to 12 passengers with 6 bathroom facilities and is an electrically powered boat. These types of boats are very dependable and easy for customers to steer and maneuver on the water. The demand for these types of crafts is very strong during the vacation season which occurs from Memorial Day to Labor Day. Contact for more information on this Marina for sale.

Financials

Asking Price Range:  $5.0M – $10.0M
Gross Revenues:   $2,014,329
Cash Flow:   $463,753
Cash Flow Type:  EBITDA
Inventory:  $5,050,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1945
Number of Employees:  50 – 99
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Retirement.