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Lake Campground For Sale

Location  Michigan,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $170201
Net Profit / Cash Flow  $95302
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1960
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Owned
Description  These two campgrounds are small, quiet and family oriented. Many of their seasonal customers have been repeat customers for 30 years or more. Campground one is three and a half acres, with 92' of lakefront, and has 32 full hookups. It includes a bathhouse, recreation room, basketball court, volleyball court, 30 boat slips and 10 jet ski slips. Currently all 32 full hookups are leased to seasonal tenants, with a waiting list of seven. There is also a lakehouse currently being leased as a yearly rental. The second campground is also three and a half acres with 375' of channel frontage and provides 28 full hookups. There are also 18 boat slips, a bath house, recreation room and basketball court. 22 sites are leased out to seasonal tenants and the remaining six sites are leased out to weekenders. Also on the property is a duplex that is leased out 100% year-round. Total assets include $50,000 of equipment, fixtures and furnishings and buildings and land valued at $900,000. Priced at $963,090. Located in Southern Michigan.
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