Resort Development in So. Utah - Under Contract

Not Disclosed, UT

Southern Utah

Asking Price: Annual Revenue:
Not Disclosed $4,500,000

Services: Hotel, Motel, Lodging

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RE: Resort Development in So. Utah - Under Contract Broker: Saul Komisar
Owner Financing is Available!

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $4,500,000
Net Profit: Not Disclosed
Cash Flow: $800,000
Total Debt: Not Disclosed
FF&E: $1,000,000
Real Estate: $4,000,000
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 465449963
Broker Reference #: 1401-158533

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Business Overview:

Multiple Revenue Streams with Development Opportunities.

This resort is situated in one of the world’s most popular tourist destinations and also an afternoon drives away from five other of the world’s premier travel sites, which together welcome over ten million visitors each year. The sale includes: over 100 years of operational history, stellar online reviews, recent room upgrades, newly developed RV sites, the highest-rated restaurant for miles, a convenience store with gas, a modern recreational park, conference center, leverageable water rights, and over 200 acres of undeveloped land (most of which is frontage to the main street into the federal park.) Further, there are several modern homes on the property currently used by family members and staff that could easily be transitioned to revenue-producing rentals to increase cash flow for a new owner.

Business & Purchase Highlights:
• High Barriers to Entry w/ Limited Competition
• Located Near One of the World’s Most Frequented Destinations
• Successfully in Business for Decades – Recognizable Name
• Pristine Accounting and Records
• Recently Renovated Rooms and Capital Improvements
• Millions Spent on Equipment on Well Maintained Equipment
• Diversified Revenue Stream with Identified Development Opp.
• Abundant and Easily Accessible Water Rights
• Repeat Customer and Tourism Base
• Over 200 Acres of Land with Identified Areas for Future Development.

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Property Features and Assets:

The sellers have owned this family land for decades and invested millions of dollars in recent years towards creating an atmosphere that will not be duplicated anywhere else in the world. Rolling hills, red rock mountains, rivered canals, towering overlooks, and stunning vistas are all part of this purchase. The current owners have been content to serve guests that naturally come to this destination each year. Still, an ambitious new owner has plenty of opportunities to grow through mainstream marketing and development of most of the open space that comes with the purchase. Hotel, fully equipped restaurant and bar, RV park, recreational park, horse barn and stables, convenience store, gas station, several beautiful homes, many recreational vehicles and construction equipment, trailers, haulers, etc.

Market Competition and Expansion:

Minimal. There are only so many permissible hotels, restaurants, and business establishments due to conservation restrictions and water rights. Further, this is an authentic resort/lodge that cannot be replicated by merely building a new hotel on a vacant lot. Aerial footage or a helicopter view will bring home the rareness and richness of this opportunity. The current owners operate the business mainly on a seasonal basis to accommodate their lifestyle. Still, a new owner could open this resort year-round to accommodate growing winter tourism.

Reason for Selling:

Retirement, Relocation.

Additional Details:

  • The property is owned.
  • The owner is not 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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