RV Park/Campground Details
- Purchase Method: Cash, New Loan, Assumable Loan
- Cap Rate: 15.8%
- Listing ID: 551521
- Posted On: Aug 2, 2015
- Updated On: Nov 2, 2015
Description
2014 Revenues at 450K. 2015 YTD Revenues are up 8.5% YTD. Expected 38K up by end of the year.
$+/-400,000 down payment gets you into this park, get a new loan or assume the existing loan.
Southeast campground for sale with great revenues! The gross income multiplier of this park is excellent. When compared with ALL the available Darrell Hess & Associates listings (as of 10-29-15. Visit www.campgroundsforsale.com) this park has a great Income Multiplier.
The gross income multiplier is the asking price divide by gross revenues. $1,700,000 asking price divide by $485,000 gross revenues = 3.5. This means a quick payback especially when you consider the operating expenses of this park are much lower than most parks. This means more net income to your pocket!
Why? The park is less than 7 years old and has been designed for efficiency.
With over 100 sites that are big rig friendly, six full amenity cabins and tent sites with water electric and air conditioned, 5 foot tiled showers that get raving reviews.
What’s more! The park has been built with subdivision grade utilities including 8” sewer (never had a sewer issue!), 6” water mains and 30/50 amp service on ALL sites with 100amps on 10 sites for the biggest rigs imaginable. The single building on the park is 6000 square feet located in the center for efficiency and visual appeal.
The building includes a 2000+ maintenance garage below with 2000 square foot living quarters, immaculate bathhouse, profitable laundry room, game room, store and indoor cinema.
Two swimming pools, two playgrounds, mini golf, fishing pond, jump pad, gem mine, train ride and much more amenities are included with this profitable park. Commercial Wi-Fi, entrance gate, security cameras are in place. The park is located 2 miles off a major interstate, I-20 and just 45 minutes from Atlanta.
Situated between two major NASCAR speedways and Six Flags Over Georgia is just a short drive down the road.
Three independent appraisals from three separate companies: 2006 1.6 Million, 2007 2.8 Million, 2011 2.2 Million
Check it out: http://www.gajellystone.com/sale.html
Visit the campground webpage at: www.gajellystone.com
See the campgroun on YouTube:
https://www.youtube.com/watch?v=-7i2y3OPTKc
Call Phil: 404-625-2070
Email: phil@gajellystone.com
Amenities
- Laundromat
- Pool
- Club House
- Manager Office
- Bathhouse
- Store
- Wifi
Park Information
Number of RV Lots: | 104 |
Year Built: | 2008 |
Average RV Lot Rent: | $45 |
Size: | 15.0 acre(s) |
Financial Information (Actual)
Gross Income: | $450,000 |
Operating Expense: | $257,000 |
Net Operating Income: | $185,000 |
Expense Ratio: | 57.1 % |
Debt Info: | Assumable Loan or bank will provide new financing. |
Utility Information
Water: | City |
Sewer: | City |