Business Overview:
Restaurant, Rental Cabins, and Owners Residence over 3,200' - 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.
Restaurant seats 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. Current sales for 2021 are
proving to be their best year ever and are on target to exceed $2M.
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.
Real Estate is Listed by Richard Roberts at The Brandon Group.
Signed NDA Required for Additional Information
Richard Roberts, ABI/SVA.
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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 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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