Lake Resort With Mini Golf & RV Campground

Ten Mile, TN
Roane County

Asking Price: Annual Revenue:
$650,000 Not Disclosed

Recreation: Campgrounds & RV Parks

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RE: Lake Resort With Mini Golf & RV Campground Broker: Jim Baker
License #: U812..773
Owner Financing is Available!
Owner financing with $450,000 down and the balance liberally financed short term. Please contact seller for more information.

Quick Facts

Asking Price: $650,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 10
BBN Listing #: 39597375
Broker Reference #: mb1839

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Business Overview:

...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.

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Property Features and Assets:

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!

Market Competition and Expansion:

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.

Reason for Selling:

Owner is older and husband has health problems

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 a franchise resale opportunity.

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