Cherokee Lake Fishing Camp & Cabins
Location Tennessee,United States
Asking Price Range $500K - $1.0M
Gross Revenues $24600
Net Profit / Cash Flow $17100
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2003
Number of Employees 1 - 3
Number of Employees 1 - 3
Real Estate Owned
Training Request emailed photos of this business.
Reason for Sale Expanding past my ability to manage alone. Single man with no heirs or employees. Failing health. Need to retire.
3 acres of prime, waterfront property on Cherokee Lake complete with 4 fully furnished, log cabin rentals and a 5th Duplex now being built. The camp site for sale has amenities that include a whitesand playground area with drinking water tap; Good gravel parking area for pontoons, RVs, etc; Newly built, 2008 boat launch ramp and lakewater slide; Shared Gazebo w/drinking water tap; Community Showers addition to Main Camp Lodge & Office Bldg; New Recreation Room being built underneath 5th Duplex project for use as Exercise spa and Big Screen TV sporting event center; 1985 built dock float of 16' x 16' for bankside fishing & boat docking; Extra cleared off areas for Horseshoe and Volleyball games; Paddle Boat rental; Gas grill rental; Video movie rentals; Waterslide Ride rental; Ice Cream Machinery for onsite site shop or offsite catering; New 2008 concrete walking trails from cabins #3 & #4 to the lake; Current outer remodeling of cabin #3 and expansion of its parking area; Potential of acquiring neighboring lots for future RV camper park; Cabin #4 provides artesian spa bath; All cabins built in pairs and rented as such, for $30 per day for cabins #1 or #2 on a 2 or more day rental visit; for $50 per day for cabins #3 & #4 on a 2 or more day rental visit; one day only rentals are $50 and $75 per day/pair; Weekly rates for cabins #1 or #2 are $180/wk + tax and for cabins #3 or #4 are $300/wk + tax. The weekly plan provides 1 free day of use. The monthly rate on cabin #3 only is $500/mo + tax + deposit. On future duplex apt #5 or #6 the monthly rate is to be $650/mo + tax + deposit.
Expected monthly cash flow of these units is to be $1300/mo. The added monthly cash flow for offseason rental of cabin #3 would be $500/m or a total cash flow of $1800/mo over a 3 month period. The potential of renting the lodge cabin out at $750/mo is not estimated in this total. Total selling price at $675K or nearest offer by emailing or calling (865)-993-2348 or (423)-587-3576 (Steve
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