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With over 1000 feet of clean, unobstructed white sandy beach with a reputation for having the warmest waters north of Virginia and one of the best salt-water beaches in Canada, it's easy to know why this well cared for RV Park has a long waiting list for seasonal campers. This RV Park maintains a tremendous reputation and following, and there are multiple income sources to be explored.
You life here is surrounded by a multitude of attractions, providing plenty of family-oriented options that are fun, exciting and pleasing to campers of all ages.
278 of the available sites are full service, 30 amp, with all power being upgraded to code in 2017.
Other profit centres include seasonal camper deck construction, overnight tourist sites, non-camper beach & visitor passes & on-site store sales. The business offers a games room, store, great fishing, a jumping pillow, several playgrounds, adult only swimming pool and a large building for indoor activities including dances, pool, darts, etc.
Seller's Discretionary Earning have being growing every year, have averaged $421k over the past 3 years, was $427k for this season.
There are multiple income sources in this business with an easy opportunity to create more, should you wish.
For the 2020 season, gross sales are expected to exceed $675K, with forecasted SDE greater than $470K, and is is based on 2019 revenue plus a $40,800 seasonal site fee rate increase for 2020, as well as the addition of several newly created serviced sites for overnighters.
Open less than 5 months per year, there has not been an unoccupied seasonal site for the past 7 years (during present ownership) and all seasonal sites are fully reserved and paid-up for the 2020 season, which will make it 8 consecutive years
For information purposes: A new mortgage of $2.7M, 20 year amortization, would have payments of approximately $225k per year.
Includes a restored cottage, a large rental trailer, and a very large 3-bedroom home (approximately 6,000 sqft) which has a 2-bedroom apartment (leased on an annual basis), a 4-room office suite, as well as a campground manager’s office.
Upgraded sewer system with a recently constructed (2012) on-site sewage treatment and disposal plant.
In 2016 and 2017, the park went through a complete site electrical analysis and upgrade. All site wiring and connections that did not meet current standards were replaced.
There are a total of 3 PIDs included, totalling approximately 28 acres + an additional 4 acres of seasonally leased land.
The residential home is on one PID, and may be possible to obtain a residential mortgage.
Minimum Equity Required
Real Property Included
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