Destination Restaurant, Cabins & Owner's Home

Not Disclosed, AR
Baxter County

Hill Top Lake Views


Asking Price: Annual Revenue:
$2,375,000 $2,124,743

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Destination Restaurant, Cabins & Owner's Home Broker: Richard Roberts
License #: 75165

Quick Facts

Asking Price: $2,375,000
Annual Revenue: $2,124,743
Net Profit: $492,250
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $158,356
Real Estate: $1,865,000
Year Established: 1940
Employees: 23
BBN Listing #: 611849165
Broker Reference #: 1889314

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Business Overview:

The restaurant was the main focus when the current owners began executing their vision. There have been recent additions to the main dining areas, kitchen and patio areas.

Solid growth 2016-2021 with a dip of less than 6% during the pandemic as they adjusted to new conditions. The changes that were made, not only helped them profit during the pandemic but set them up for 2021 to be their best year to date for sales and profit.

The first six months of 2021 indicate that sales for 2021 are going to easily exceed 2020 and be the best year yet and should total over $1.8M in sales by year end based on the first 6 months of 2021 and compared to previous years.

Seller requires signed Non-Disclosure Agreement (NDA) and Buyer’s Financial Profile to receive additional information.

Signed NDA and Buyer’s Financial Profile Required for Additional Information
Richard Roberts, ABI/SVA.

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Property Features and Assets:

Restaurant, 11 rental cabins all upgraded. New 4 bedroom, 3 bath owner's upscale home that could be converted to 3 rental unis.

Market Competition and Expansion:

Restaurant, Rental Cabins, and New Owners Residence over 3,200' with 4 Bedrooms and 3 Bedrooms - Many with Lake Views The owners have built a strong brand drawing about 80% of their restaurant business from locals. There is an opportunity to grow the catering business by renting/building another kitchen to serve this market. There is a great demand for catering of their faire which they have been unable to serve due to limited facility availability. They do cater when they can work it in. NOTE: There are 145 companies with 20-999 employees in the county. The owners have made major upgrades and additions every year for the past 5+ years, resulting in growing sales and profits year over year. The new owner should be able to focus on managing and promoting the business since all of the upgrades have been completed. Restaurant seats 150, with many tables having a lakeview. There is a large patio area with lake views too. Sales for 2019 were initially impacted as they made adjustments due to COVID restrictions. They ended up with sales slightly greater than 2018 but cost where higher reducing net. In spite of COVID they ended up profitable in 2019 with 2020 Sales & Net up 25%/55% over 2019 and 2021 Sales & Net up 25%/35% over 2020 Sales for 2021 completed another record year. There has been consistent substantial growth for past 5 years. Sales have been boosted by all the upgrades and excellent management of this property. The owner's house is 4 bedrooms + 3 Baths and could easily be converted into 3 rental units. A unit could be set aside for onsite manager to live. The new owner could use the top two floors which would consist of a 3 bedroom with 2 bath home. The lower level could then be converted into two rental units. There are currently 11 rental cabins which have all been upgraded and many have lake views. Rental sales for 2021 are almost triple 2017 rentals and they turn people away every season. There is a total of approx. 6 acres with room to add 3 cabins without taking away from the intimate feel of this unique property. The owner estimates the cost per new cabin would be $60K each. Real Estate is Listed by Richard Roberts at The Brandon Group.

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.

Relevant Links:

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