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Asking Price$650,000
RevenueUndisclosed Established2008
Cash FlowUndisclosed Employees10 full-time
FF&E$200,000* FranchiseYes
Inventory$15,000* RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
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Listing ID: 2264601 Seller ref: Mb1839
Lake Resort With Mini Golf & RV Campground For Sale

Ten Mile, Tennessee
NEW
Asking Price: $650,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue: $260,000
Cash Flow: Available on request
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........PRICE REDUCED.....450k down and liberal owner Financing
With we will offer very liberal owner financing with $450,00 down.
Now it's your chance to buy the dream! We have a beautiful partly wooded location at the lake. our businesses are the best and upscale in the area. We have a beautiful Resort property at Watts Bar Lake with a paved front parking lot, a covered roof pavilion, 9 acres total land, a large Beautiful Restaurant that looks like a coastal home or lighthouse, the only site made pizza in the area, the only mini golf in the area, a rental cabin, 16 RV / Camping spots: 5 full hook ups and the balance in electric and water with plenty more expansion space. We have both 30 amp and 50 amp service. We also just put in a dog kennel for our campers with 5 10x24 kennels
(Chain Link) We have dug out and are starting a bathhouse later in the season, a fire ring pavilion and we just put in a horseshoe pit, grass volleyball court, and new gravel throughout the camping spots. We label this property as a resort because there are several revenue streams on the property. We have been trying to develop a destination location for the area. Only about 2 acres are developed of this 9-acre property. we still have 7 acres +/- for future development.
This is a beautiful touristy location. The restaurant alone does 6 figures a year, plus you have several other revenue sources with the RV park and mini golf play and tournaments. The Restaurant is very upscale, but also simple home cooked meals with a full menu of excellent food including; smoked BBQ, fresh fish brought in almost daily, hand cut steaks cooked over a fire grill, ice cream, dipping dots and a great selection of home cooked foods. The best in the area, and did I mention the only Full Hot and Cold Buffet bars. The only in the area! Another revenue stream is we have the only full Pizza Shop in the area that makes hand made Pizza which has been voted the best. It boasts a very large 130 seat sitting area with camping supplies, art objects, nic nacks and other goodies for sale. Plus we serve both Pepsi and coke products and Siberian chill. We also offer soft serve ice cream, hand dipped ice cream, milk shakes, sundaes, great pies and cakes and other homemade desserts The main lodge is very eclectic with decorations from fish and deer to antiques, sporting etc.
The main restaurant used to be a full country-style grocery store when the location was originally opened. It has a beautiful post and beam construction and some beautiful heavy timber custom made bars and counter tops, doorways and accents.
Facilities:Paved parking lot with lighted signage. Beautifully landscaped, picnic tables with coke and Pepsi umbrellas, a golf hut at the mini golf course, mini golf course, grass volleyball court, easy access handicap ramp, large main restaurant with over 130 seats, pizza restaurant (attached), 16 RV/camper spots with (6 full hook up and 10 electric and water), a front party pavilion, 7 dog kennels (10 x 24), rental cabin/cottage with full facilities), 7=/- acres for expansion, WiFi, all real estate is owned (NOT Leased).It's So much better to own the real estate!
Competition:You want to focus your marketing toward your local population as they are your steady clientele that carry you through the winter. However the summer lake residents and tourists, campers and boaters spend a load of money here in the nicer spring through fall months. We found that a post card marketing campaign works great through the winter to pull in patrons from surrounding areas as far away as Knoxville , Chattanooga, Crossville and Maryville.
Growth Potential:The campground expansion to the last 7 acres would be a big draw and add approximately another 75+ camping spots. Our future developments are geared toward a KOA/ Jelly-stone style camping area. We also looked at putting in a kids splash area and outdoor movie theater for free movies to play for our guests We had planned on possibly putting in a trout pond for another revenue source of keep what you catch trout at a premium price. This was very profitable for Starving Marvin's in Cherokee and Cross eyed Cricket in tn. Both owners retired so it was stopped.
Training/Support:As long as the owners health and or schedule permitted we would help with the new owners acclimation if needed, but usually the new owners are ready for the old owners to get out of their way so they can establish their business done their own way.
Seller Financing:Owner financing with $450,000 down and the balance liberally financed short term.
Sale Reason:Owner is older and husband has health problems, ready to retire
Ad #93336
Seller Reference #mb1839
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Contact This Seller
Jim Baker
321-613-2393
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