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Riverside Campground & RV Park

New Listing

Listing ID: 1206

Location

Nova Scotia

Description

Very nicely updated park, set in a beautiful and peaceful setting. This simple park, with a stable income profile, can be operated for the 5 months season by just a couple.
A nice blend of seasonal campers, meaning they rent a site for the entire season, overnight sites, and cabins.
Updated Office, General Store, Games Room and Rec Hall offer guests a clean comfortable setting and many services and supports to make their experience memorable. For the growth minded, there are multiple area for expansion in service and/or sites to help increase top and bottom lines, as well as overall value. We'd welcome a discussion to share nearly 20 years of expertise in this space.


Financial Information

Average revenues over 4 years - $120K
Average Seller's Discretionary Earnings (SDE) over 4 years - $63K

Based on a recent increase in seasonal rates, SDE is expected to be close to $70K.

For sake of example: A $300K mortgage over 20 years would be $1891/Month



Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. It is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings. This is pre-tax, pre-mortgage, and pre-discretionary expenses.

Minimum Equity Required

$250,000

Real Estate

15 acres Well and Septic System
Owner "seasonal" Accommodations
Total Tax Bill for 2020 - $1240

Price

$599,000

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