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The Wall Street Journal Online

Resort - 100-Acre Lake, Conference Center, Cabins, Motel & RV Park

Alabama, Alabama

Photo Available
Asking Price:
N/A
Gross Income:
$2,250,109
Cash Flow:
$361,885
FF&E:
N/A
Inventory:
$5,000.00 **
Real Estate:
+5m **
Year Established:
1955
Employees:
38
Business Types:
Hotels & Other Lodging Places
Other Business Services

** not included in the asking price

Business Description

This Retreat covers almost 400 acres with relaxing trails, full-
service restaurant with 56 years of profitable operations.
Plenty of undeveloped area around spring-fed lake for future
development.

Detailed Information

Facilities:
400 Acres, 100-acres spring-fed lake, pine timber. With a full service restaurant including six private rooms, two conference centers, a lakeside motel, waterfront cabins and efficiency suites. 6 meeting rooms and 2 convention centers able to accommodate groups of 10 to 300.
Competition:
While this resort has almost everything except a golf course, there are many around on all four sides. PGA Tour on one, others nationally ranked coupled with a major university with a core teaching part in the golf arena.
Reason Selling:
Owners would like to step back and let a purchaser take it to the next level.
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Broker Information

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Business For Sale Listed By

Dock Reed, CM&AA

Dock Reed, President - CEO
The Reed Group, Inc.

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Ad#: 632259

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