Listing ID: 1161
Welcome to an absolutely tremendous next chapter for your life. If you have been looking for the ideal accommodations business that will provide a strong stream of income or you have been seeking the perfect business that can be quickly expanded, this business is sure to meet the needs of many qualified buyers who appreciate being in a setting like this, surrounded by 180+ acres of land, trails, some of the best waterways in the country, and the energy that emanates from this life that is unplugged luxury. Today, simplicity is the name of the game, accommodation rentals, nothing more than rentals.....except for memorable service this operation is known for. No fancy additions, no other services, no capital expansion plan......yet the business is operating at a brilliant performance and there is a long list of intellectual property within the daily operations of this business that have put it into an defensible position that, if learned and followed, will surely enable the growth minded to add their personal touch or the security minded to protect the reputation and following for years to come. The owners are currently supported by 3 part time staff, for maintenance and cleaning. This staffing compliment has been increased in recent time to support their focus on other projects outside of this business. From 10+ years of experience in this industry, we believe it would be possible for a hard working couple to manage the business with far less staff.
Seller's Discretionary Earnings (SDE) of $193k in 2018 and $180k in 2017. Fiscal year end is August 31. With an estimated investment of $250k to add 5-6 more units, the business would be expected to add $225k - $270k to the top line, of which 65% - 70% will flow to the bottom line. Pricing increases for the 2019 season will support top line revenue growth of approximately 6% - 8%, resulting in bottom line growth by approximately $15k. The business is currently only operating 6 days per week. With the expansion plan + rate increase, the business can be producing SDE of $350k or more. Seller's discretionary earnings are calculated as the pretax and pre-interest profits, before non-cash expenses, before owner benefits, any one time investments, and any non-related income or expenses. All of our calculations will be provided to qualified buyers.
Approximately 186 acres of land, water frontage on the world class Saint John river system. There is more than enough room for development. - 4 bedroom log home - Lodge building that would be perfect for wedding venues, corporate retreats, or a world class "community minded" food experience. - septic and well are the primary services
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