RV/Campground with 200+ sites and 80+ acres - Click For Details

Listing ID

1189

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Location

Nova Scotia

Description

This popular and well established campground and RV Park is licensed for over 200 campsites and has invested quite heavily in capital improvements/additions/upgrades in the past several years.

The park is regarded as a family campground with strong occupancy, as it is noted for its oversized and/or treed lots.

Opening in early May and closing mid October, owning and operating a business like this for just over 5 months can provide a hands on owner with a very flexible lifestyle and a rewarding return on investment. Work 5 months and make the money other businesses take 12 months to earn, while paying the same price.

Financial Information

Three year average Seller's Discretionary Earnings of $324,000. Owner lives on property and business pays for all living expenses, which have not been added back to calculate SDE.

Depending on timing of sale, there will be approximately $350K cash transferred on closing, from seasonal deposits/payments.

The current mortgage on the property is approximately $950K, and is to be assumed or refinanced with a new mortgage. For information purposes: A new mortgage of $1.6M, 20 year amortization, would have payments of approximately $135K per year.

Seller's discretionary earnings (SDE) are the pretax and pre-interest profits before non-cash expenses, owner benefits, one time investments, and any non-related income or expenses. In addition, SDI may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.

Minimum Equity Required

$775,000

Real Estate

There are several major additions to the business in the past recent years, making it easier to operate and a better experience for the guests.

There is over 80 acres of land, with over 1000 feet of water view and frontage. There is room to add up to 200 sites, engineer assessment has been done.
- Septic and Well services include a dug well and a drilled well with an extensive engineered septic system with 30 tanks and 9 fields.
- Owners' accommodations on property are 3 BR/ 1.5 BTH, approximately 1100 sqft.

Price

$1,550,000 (shares)

Non Disclosure Agreement

I hereby acknowledge that information regarding the following business(es) and/or Seller(s) is being provided to me in SECRECY AND CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) through Gateway Business Brokers.

I agree not to disclose any of the information given in connection herewith, either directly or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purposes or to circumvent Gateway Business Brokers in any transaction or contact with the seller(s). I agree not to make copies of any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the Business. Further, I agree that all inquiries, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Gateway Business Brokers. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business.

I agree that any breach of this Non-Disclosure Agreement (the "Agreement"), directly or indirectly, will be harmful to the Seller(s) and Gateway Business Brokers. In consideration for the information given, I agree that the laws of Nova Scotia will govern this Agreement and that all actions that may arise in law and/or equity shall be brought in Nova Scotia.

It is understood that this Agreement also applies to any information previously supplied by Gateway Business Brokers, verbally or in writing. I understand that neither the Seller(s), the Business(es), its officers, directors, employees, nor Gateway Business Brokers ,shall have any liability as a result of furnishing me the material included in this Agreement.

This agreement also acknowledges that the undersigned Buyer(s) has (have) been advised that Gateway Business Brokers provides Client representation for the seller(s) and Customer representation for the buyer(s) in this transaction, as per the terms that have or will be provided. I agree that should I buy, lease or come into possession of the Business, in whole or part, during the listing term or within 1 year from the expiry date of the listing term, Gateway Business Brokers’ right to a fee, as per Gateway Business Brokers’ agreement with the Seller(s), will be deemed earned. I understand I will be personally liable for payment of any applicable fees, as so reasonably determined, if I breach any clause of this agreement. It is agreed, however, that if a purchase is completed with the assistance available from Gateway Business Brokers, I am not liable for a fee.

Non-Disclosure Agreement