Business Overview:
Restaurant, Rental Cabins, and Owners Residence 3,400' - Many Lake Views
The owners have built a strong brand drawing about 80% of their restaurant
business from locals.
The owners have made major upgrades and additions every year for the past 5+
years, resulting in growing sales and profits year over year. No deferred maintenance!
Restaurant combined seating is 150, with many tables having a lakeview. There is a large patio area with lake views too. Sales for 2020 were initially impacted as
they made adjustments due to COVID restrictions and ended up down 6% from 2019.
Sales for 2021 were more than 30% over 2020 sales, proving to be their best year ever.
The owner's house could be converted into Airbnb for additional income.
There are rental cabins which have all been upgraded and many have lake
views. There is also plenty of room to add more cabins and some adjoining
property may be available.
Note: The owner's residence is upscale and makes a comfortable home private from day to day happenings if wanted.
Real Estate is Listed by Richard Roberts at The Brandon Group.
Signed NDA Required for Additional Information
Richard Roberts, ABI/SVA 479.689.4455 Ext 11.
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Property Features and Assets:
The entire complex has been totally upgraded over the past five years to the highest standards possible. The only thing you will need to do is standard day to day maintenance.
Market Competition and Expansion:
This part of the country continues to grow at an above average rate. We feel the growth in population and the quality of the product will continue to keep this growing.
The hours in the restaurant can be extended and also add Mondays to the days open.
The cabins are usually fully booked for the summer and fishing/hunting times which indicates there may be some room for price increases.
There is room for additional cabins to be built.
"The fastest-growing counties and metropolitan area in Arkansas over the
past decade were in the state's northwest region, according to data released
Thursday from the U.S. Census Bureau.
Benton County had the state's fastest growth, with its population increasing
by 28.5% since 2010 to 284,333. The second fastest growing, Washington
County, saw its population increase by about 21% to 245,871.
The Fayetteville-Springdale-Rogers metropolitan area grew by 24.2% to
546,725. The region is home to the headquarters of Walmart and Tyson Foods,
as well as the University of Arkansas' flagship campus in Fayetteville."
Source AP News
Reason for Selling:
Health
Additional Details:
- The property is owned.
- 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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