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Riverside Campground And RV Park In Nova Scotia

Listing ID: 100076
NS, Nova Scotia, Canada

$ 599,000 (CAD)

Asking Price : $ 599,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue: $ 120,000 Annual (CAD)
Cash Flow: $ 63,000 (CAD)

Location: Nova Scotia 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 areas 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: (Canadian currency) 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 SDE - Seller's Discretionary Earnings are the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. In addition, SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense. 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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Real Estate: Real Property
Living Accommodation: Seasonal, not winterized
Location: Nova Scotia
Premises Details: N/A
Size in square feet: N/A
Planning Consent: N/A
Expansion Potential: N/A
Competition / Market: N/A
Reasons for selling: N/A
Trading hours: N/A
Employees: N/A
Years established: N/A
Support & training: N/A
Financing available: N/A
Furniture / Fixtures value: N/A - included in the asking price
Inventory / Stock value: N/A - included in the asking price
Owner Financing Available: Owner financing is available. Please contact the seller for more information.
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