Campground, plus 144 Acres in Eastern NC

Not Disclosed, NC
Martin County


Asking Price: Annual Revenue:
$1,200,000 $139,187

Recreation: Campgrounds & RV Parks


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RE: Campground, plus 144 Acres in Eastern NC Broker: Tony Khoury

Quick Facts

Asking Price: $1,200,000
Annual Revenue: $139,187
Net Profit: Not Disclosed
Cash Flow: $39,860
Total Debt: Not Disclosed
FF&E: $118,634
Real Estate: Not Disclosed
Year Established: 2009
Employees: 1
BBN Listing #: 514958201
Broker Reference #: 13485-938723

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Business Overview:

RV Park - 42-Lots on 144 Acres Located in Eastern NC

In business for over 10 years, this successfully run campground is located on approximately 15 acres (out of 144 acres total), has 42 sites and boasts an occupancy rate consistently of over 95%, most of which are on a month-to-month term, as these customers are traveling independent contractors paying a flat reoccurring fee.

This location is a great stopping point for travelers on the way to or returning from the North Carolina beaches/coast.

The upside on this listing is the obvious expansion of the campground, in addition to potential development of the adjacent acreage into a subdivision, mobile home/manufacturing community or other.

Directly across the street is a western theme and full-service restaurant that is a regional attraction both within eastern NC and with travelers and tourists.

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Property Features and Assets:

Purchased and developed in 2009, this campground has been in successful operation for over 10 years with a loyal and repeat customer base. Over the years, the site has evolved where the occupancy is made up of primarily traveling independent contractors, as this location is strategically located in the eastern part of North Carolina for both workers and travelers. The existing swimming pool, which is adjacent to the lodge/store, is now filled in with sand and covered, although it could be converted to operational use in the future if and when the campground expands in order to justify the expense of operating a pool. The lodge/store, which has a full kitchen, office, restrooms and recreational area for parties is estimated to be about 2,850 sq. ft. If the campground physically had more sites, more spaces could be rented either daily or monthly to realize a significant increase in income. At present, 15 acres is for the Campground, 50 acres for the Timber Farm and 79 acres is cleared farm land..

Market Competition and Expansion:

With regard to campgrounds, there is really not much competition within a 60 mile radius. Potential Growth With only 15 (est 10% of total property) out of the 144 acres occupied with the existing 42-lot campground, this property can be easily expanded to add additional camping sites. Perfect opportunity to convert to a KOA Campground, especially since there's an existing salt water pool that can be placed back in operation. The corner location of this property would be a prime site for the addition of a gas station and/or full-service convenient store. The remaining acreage, which is now a combination of farmland and timber can be easily developed into a subdivision, a solar panel farm or an other regional recreational venue for travelers in transit.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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