Conveniently Located KOA Campground For Sale With Exceptional Facilities

6464

An award winning campground with campers coming from each coast. Located just off of I-80 near Grand Island, this KOA Campground provides campers with an exceptional experience every time. Campers have their choice of staying in their own RV, pitching a tent, or renting one of the 7 cabins available. With a pool, basketball court, playground, café, small store, and even a game room, guests never need look far for something to do.

As the home to the Nebraska State Fair, Grand Island provides this terrific camping location for this week and throughout the entire camping season. Open from April until October, this KOA is in the perfect spot for cross country travelers who are looking for a relaxing area to rest as they travel along I-80. There is an onsite pizza shop where campers can order from, as well as a small café and snack bar.

The owner is currently involved in the day to day operations of running this business. Responsibilities include payroll, maintenance, and taking reservations. A buyer would have the option to hire a manager to handle these responsibilities, or could step into the current owner’s place.

After the first year a buyer can expect to receive a Net Operating Income (Profit) of $69,172 after all debt services are paid.

Next Steps
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.

Other Information
Reason for Selling: Retiring to Travel around the Country
Personnel: 4-6 Seasonal Employees
Hours: Open April – October
History: 1967, Under Current Owner Since 2008
Support to Buyer: 90 Days Seller Training Period
Additional Information:
Business Information

Year Established: 1967, Under Current Owner Since 2008

Location: South of Grand Island along I-80

Capacity: 100 Camping Sites: 73 RV, 20 Tent, and 7 Cabins

Demographics: 65% of Campers are from Out-of-State and 35% are In-State, Average Length of Stay is 1.7 Days

Buildings: Main Building – 1,800 sq ft, Office, Store, Pizzeria, Laundry Room and Bathrooms; Rec Building – 1,080 sq ft Game Room and Café; 3 Storage Sheds and 2 Well Houses

Reason for Selling: Retiring to Travel Around the Country

Employees: 4-6 Seasonal Employees, Assist Owners during busy summer travel season, Check Campers in and out, Complete general maintenance around campground

Seasonal Hours: Open April – October

Seller Training Period: 90 Days

Growth Opportunities: Add more cabin camp sites as they were continually booked out last season

Current Owner’s Responsibilities: Currently runs Campground and is Involved in all Operations, Manages the Finances, Maintenance, and Reservations

Financial Overview

List Price: $482,000

Gross Sales
2015: $428,342
2014: $359,999

Owner Profit/Cash Flow
2015: $141,779
2014: $103,948

YOY Growth/Sales Trends: 36% increase in Gross Sales from 2014 to 2015

Profit Margin: 33%

Multiple: 3.5*Multiples range from 1-5, with the average being 3

Valuation: 2015 Cash Flow x Multiple = Price
$141,779 x 3.5 = $482,048

Assets Included in Purchase:

Equipment: 2 Door Cooler, 2 Desktop Computers, 4 Washers, 4 Dryers, Game Room Equipment, Pool Equipment, Various Furniture and Fixtures

Intangible Assets: Exceptional facility quality located conveniently off of I-80

Funding Example

Purchase Price: $482,000

15% Buyer Down Payment: $72,300

10% Seller Financing: $48,200

75% Bank Loan: $361,500

After all debt service is paid, a buyer can expect to receive $69,172 in Net Operating Income (Profit).

(* Opportunity to purchase real estate through a Nebraska licensed realtor for $1,100,000.)

Facilities:

Main Building – 1,800 sq ft, Office, Store, Pizzeria, Laundry Room and Bathrooms; Rec Building – 1,080 sq ft Game Room and Café; 3 Storage Sheds and 2 Well Houses (* Opportunity to purchase real estate through a Nebraska licensed realtor for $1,100,000.)

Growth Potential:

Add more cabin camp sites as they were continually booked out last season

Training/Support:

90 Days

Seller Financing:

10% Seller Financing

Sale Reason:

Retiring to Travel around the Country