RV Park. 57 acres. Beautiful!

Business Opportunity for Sale
Also listed as Hospitality, Special Purpose
Catylist Listing ID: 30151067
Property Subtypes: Entertainment and Leisure
Building Size (RSF): 6,500 SF
Sale Price: $1,650,000
Name of Establishment: Cypress Lake RV Park
Business Website Address: www.cypresslakervresort.com
Year Business Established: 2009
Gross Revenue: $350,000 (Annual)
Cash Flow: $135,000 (Annual)
Cash Flow Type: EBITDA
Living Accomodations: Yes
Sale Terms: Cash to seller
Last Updated: 11/13/2017

Overview / Comments

Beautiful RV park located just a minute off Hwy 90 (to be I-49 linking New Orleans to the North). This is one of the nicest RV parks you will find.

Secluded and peaceful with lots of shade and cypress trees. Property is 57 acres including a 20 acre lake. Includes a very nice shower facility for guests, great pool, offices, large lobby and check in area, and apartment over the lobby for the owners. Great laundry facilities. Offering includes boats available for rental for guests for fishing, golf carts. Property has city water, private treatment. 81 spaces now, with another 50 with water and/or sewer in place and ready to add electricity. Lots more room for expansion. New owner could significantly increase revenues with some marketing and functions.

Business started in 2009 with steady increases up to 2013. Financials shown are 2013, Owner became ill in 2013 and passed away in 2015 so sales have lagged. Financials for 2016 are still in progress. Building sq ft estimated. Bathhouse plus office plus upstairs apartment. Storage shed and hanger not included in sq. ft.
Pro-forma financials show cash flow of $235,000 at 50% occupancy, $400,000 at 75% occupancy, $500,000 at 90% occupancy, not including the 50 spaces partially completed for expansion..

Additional Details

Nearest MSA: Morgan City
County: Saint Mary
Industry Segment: Hotels and Motels
Reason for Selling: Passing of owner. Spouse and family have other interests and jobs.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $20,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $1,650,000
Real Estate Lease Description: Tract BCDEFGHIJKLMNB per plat 135 297021 in S28, T15S, R12E ACQ 140 297743. 4.78 ac + 20.58 ac +31.82 ac.
Mgmt/Training Support Description: Will transition
Competition/Market Description: Nothing this nice anywhere close. Boats, fishing, great pool, excellent shower and laundry facilities. Over $1 million in improvements by the owners!
Growth/Expansion Opportunities: Active owner could add weekend promotions such as music and swimming parties or fishing contests. When oil prices get back up the semi-permanent occupancy will rebound. Great for snow birds with the location only an hour from New Orleans and only minutes from swamp tours, great golf, attractions. Many spaces prepared for expansion and lots of acreage for additional expansion. Would be great for some cabins or park model homes for weekend visits and the great pool and lake for use by guests. A great weekend vacation for Louisiana residents or winter home for Snowbirds.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,873 15,927 27,995
Median Age: 38.29 37.08 37.51
Households: 1,147 6,289 10,928

Contact

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