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Marina Resort in Southeast Missouri For Sale
Huge price reduction from 1.4 million to $995,000..On 33 acres..plenty of room for development.
Nestled in the foothills of the Ozark Mountains, this amazing full-service marina resort has Everything a prospective buyer could possibly want as an investment at an asking price of $995000 Located on Lake Wappapello ( the largest lake in southeast Missouri ), one will find a vacation getaway that is quite convenient to reach, as it is only 2 hours south of the arch in St. Louis. Stretching over 35 acres, the resort is beautifully surrounded by thousands of acres of public forest, including Mark Twain National Forest, making this area the perfect place for excellent fishing, hunting and hiking.
While still a growing business with untold expansion options, gross revenue is $230,000; the resort has shown a growth rate of 25% over the last 6 years. Included in this amazing offer are the following:
1). 70 boat slips ( 40 covered/ 30 uncovered )
2). 8 pontoon rentals
3). Cabin rentals 4 two bedroom cottages
4). 16 campsites ( water and electric included )
5). Swimming pool
6). Convenience store with tackle shop
7). Restaurant and bar
8). Observation deck
9). Owners' residence four bedroom/ one bathroom
10). Easy access boat ramps
11). Mechanic shop
12). Sell gas
Revenue is certainly enhanced by year round rentals of cabins, boats and campsites. Also, the convenience store offers a vast array of items by selling everything from live bait to food and gas and a lakeview outdoor dining facility from which one can take in the breathtaking view of the region.
In terms of competition, there are 3 additional marinas on this extensive lake; the Army Corps of Engineers, however, has restricted building on the lake EXCLUSIVELY to the already-existing marinas. Established in 1961, the resort has proven to be a valued asset for the present owners and their 10 employees,but they have made the decision to pursue other business ventures. In the best interest of the resort, the present owners are willing to train a new owner. They will accept $500 K Cash down...however, they would prefer not to finance. All real property and improvements are owned while the 35 acres is long-term leased. Additionally, all inventory , buildings, marina and cabins are part and parcel of the sales agreement.
For any prospective buyer who has entertained the thought of owning a resort with amenities galore, this beauty in southeast Missouri deserves serious consideration. Full-service resorts of this quality do not come on the market frequently don't let this one " slip " away!
Real Property Included
4 bdrm house
Use your imagination ...there is 35 acres there
Other business interests
Owners need a minimum of 500K cash down, with proof of funds. We finance the remainder.
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