Location: United States -> Mississippi -> Mississippi Gulf Coast
Industry: Hotels and Holiday Accommodation > Camping and Parks

Businesses for sale Summary

Very nice 45 year old mobile home park for sale, uniquely located with water frontage on a navigatable waterway that connects to the Gulf of Mexico. Park sits on high ground and has never flooded. It was nicely above the Hurricane surges of Camille and Katrina. Park sits on about 10 acres of which about 2.5 acres are undeveloped. Park has 64 pads which rent for $200 per month. Park owns 3 mobile homes which they rent. Park is very close to a major 4 lane highway that gives it easy access to all the amenities for which the Mississippi Gulf Coast is known. Park has city utilities to include sewer, water, gas, trash pickup, etc. Park also has a 16 unit metal mini-storage facility that stores boats, motor homes, etc. on the property. All streets in the park are paved.

Park has tremendous potential for condominium or other redevelopment. Park is zoned commercial. Because of its age, park is ”grandfathered” from many of the newer restrictions on commercial development. This is a very unique property that deserves close scrutiny. Seller is ready to retire and travel. Seller is motivated to sell and is open to offers. He might even consider some seller financing for a qualified buyer. Come see this unique business and property, be impressed, make offer.

Financials

Asking Price Range: $1.0M – $2.5M
Gross Revenues: $150,000
Cash Flow: $135,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $1,000
Seller Financing: Not Disclosed

About The Business

Year Established: 1963
Number of Employees: 1 – 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale

About The Sale

Management Training and Support: Available.
Reason For Selling: Retirement.