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Price Reduced 42 Slip Marina/ Resort And Restaurant For Sale

Winnsboro, South Carolina
Asking Price:
$1,900,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$900,000
Cash Flow:
$100,000

Successful Lakeside Marina and Restaurant For Sale
Winnsboro, SC (Fairfield County)
Seller Financing Available
Asking Price: $1900000

Cash Flow: $100,000

Gross Revenue: $850,000
EBITDA: N/A
FF&E: $450,000
Inventory: $55000
Real Estate: $1100000
Established: 1964
Business Description
PRICE REDUCED For a serious ,prospective buyer searching for an excellent,profitable business, this 42 slip marina, reputable restaurant, grocery and convenience store with a highly profitable gas business (both on and off the water ) may provide the absolutely perfect opportunity-- undoubtedly, one stop shopping! Located on Lake Wateree and directly across from the Lake Wateree State Park in South Carolina and strategically situated between Charlotte and Columbia (1 hour each way ), this business provides year round service to customers and is open 7 days a week due to the high sales volume. Gross revenue is $850,000; this is the only inclusive store on this side of the lake and the sole restaurant open 7 days a week for 361 days a year on the lake. Also, contributing factors to the revenue generated are the gas station ( high profit margin ), the only restaurant with a bar and live entertainment as well as the only water recreation rentals on this side of Lake Wateree. Additionally, a small liquor store is also located on the premises and included in the sale.
Established in 1964, the current owner is in the 5th year of operation with plans to retire. Known for delicious food, a friendly, casual atmosphere and live entertainment
,this business opportunity is situated in a scenic location of 3 waterfront acres and has buildings totaling 2,800 square feet. Having indoor and outdoor seating lakeside, the restaurant's menu offers its customers a great variety of short order grill items with a full bar inside and a beer bar on the deck which provides a very social, friendly atmosphere. Daily, monthly and yearly rentals are conveniently offered for the boat slips; also offered for water recreation are a pontoon boat, canoe, paddle boats and paddle boards as well as kayak rental equipment. Not only is this a profitable, turn-key operation, but it also includes inventory that will see the future owner through to the end of the year(perishables--exception)!
Partial owner financing may be available; this is dependent on the selling price. In terms of consulting and training for a new owner, this can be negotiated, as needed. Keeping the business in a successful mode is vitally important to the seller and will offer support to ensure that that success continues. Important to note is this business can easily be expanded by offering additional equipment rentals. Also, the state park is currently increasing its campsite capacity by 55 units; this is scheduled to be completed by 2019. Another highly marketable opportunity with this business is a beautiful wedding venue and taking full advantage of the lovely lakeside country. A new owner could also offer sunset cruises and a boat club.
Options abound in this operation $2.7 million for land, buildings, business operations and a plethora of growth and expansion opportunities. Inquire about this charming, southern lakeside business today!

Property information

Real Estate:

Real Property Included

Location:

Winnboro SC on Lake Wateree

Size in square feet:
3,200

Business Operation

Expansion Potential:

More boat rentals, keep marina full, cottages, larger restaurant

Competition / Market:

Not much

Reasons for selling:

retiring

Employees:
6
Years established:
1964

Other Information

Financing available:

Will discuss with qualified buyers.

Furniture / Fixtures value:
$458,000 - included in the asking price
Inventory / Stock value:
$112,000 - included in the asking price
Home based:
This business can be run from home.

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