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The Springfield-Branson office of VR Business Sales has been engaged to market this well-managed, popular themed tourist attraction located in southern Missouri. The owner wishes to retire.
The multi-acre real estate from which the business operates is listed at $6,000,000. The owner wishes to sell both the business and the real estate. The real estate is available through VR's sister company, Professional Real Estate, LLC.
The Discretionary Earnings for the business for 2019 were $1,228,700, before a deduction for occupancy cost. That is, the $1,228,700 is before deducting an expense for either rent or debt service on the purchase of the real estate, and is before taxes.
Discretionary Earnings for 2016 were $566,577, before occupancy cost; for 2017 they were $837,811; and for 2018 they were $1,029,343.
Click the link for the attached file which is the Definition of Discretionary Earnings.
There are multiple ways the growth of the business could be still be increased, including development of approximately 10 acres of land that is yet unused. The seller believes the business could be doubled or even tripled in the next few years. In addition, the concept could be duplicated in other cities around the U.S.
The business was impacted by the Covid-19 virus earlier in 2020, but revenue for August-December are up 26% over sales for the same period last year, and sales for the first 3 months of 2021 far exceed the same period for any other year.
There is a well-qualified, experienced manager in place who is well-regarded in the industry and who is willing to stay on.
All furniture, fixtures, equipment and any other business assets used to produce the Discretionary Earnings of the business will be included in the sale, including an appropriate amount of inventory in the gift shop.
SPECIAL FINANCING INFORMATION:
The Covid Relief Act signed by the president in December contains a provision for the federal government to make the first 3 months of payments for all SBA loans granted before Sep 30 of 2021, up to $9,000 per month. In addition, all of the borrower fees normally charged on SBA loans will also be waived. The elimination of those fees mean over $100,000 savings in borrower costs to the buyer of this business.
This is a fun, exciting, and gratifying business to operate. If you believe it might possibly be a fit for you, contact our office today for more information.
Real Property Included
A roomy apartment is on the premises.
This business is located on a busy thoroughfare
There are multiple ways the growth of the business could be still be increased, including development of approximately 10 acres of land that is yet unused. The seller believes the business could be doubled or even tripled in the next few years. In addition, the concept could be duplicated in multiple cities across the U.S.
There are other tourist attractions in the area
Vary by season.
The owner will provide training at no additional cost.
The seller would consider providing some seller financing if purchased with an SBA loan and the lender required some seller financing.
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