Kimberling City, MO
Drive up in your boat or in your car to this well-known restaurant and pub located in a prime location on Table Rock Lake. The restaurant is only open during the lake season (approx. 110 days) and is closed through most of the Fall, Winter, and Spring. Rent is structured as a percent of sales rather than a monthly rate, with no rent during closed months. The restaurant is a known hotspot for many reoccurring tourists and residents of Table Rock Lake and Branson, MO. There is 1,500 Sq. Ft. (+/-) of indoor space with additional seating outdoors providing customers with a great view of the lake. To add to the upbeat atmosphere this restaurant is host to live entertainment and makes for a great destination for the whole family. The business is primed for growth into the future.
For sale is a well-established resort on one of the busiest areas of Table Rock Lake. The 5.21 acre m/l property includes individual units as well as motel-type rooms, and also includes a convenience store and a large meeting room for events, with full kitchen. In addition, there are living quarters for a manager. The sellers have invested quite a bit in remodeling the property in the 2 1/2 years they have owned the resort, but now are ready to retire. The price of the business is $190,000 and the price of the real estate is $1,000,000, for a total price of $1,190,000. Inventory is not included in the price because it varies so greatly depending on the season, so the price will be plus the amount of inventory on hand (at seller's cost) at the time of closing. The 2014 Discretionary Earnings of the business of $83,987 does not include as an expense the debt service on the real estate, which would be approximately $61,856, assuming a 20% down payment and 25 year SBA loan. So, had a buyer owned the resort in 2014 and operated it no better nor worse than the current owners, they would have received $22,131 in total owner benefit after debt service on the purchase of the real estate. In other words, the real estate would be 'buying itself' from the earnings generated by the business. Because they believe in the future success of this very singular resort with many amenities, the sellers have agreed to provide the appropriate seller financing for an SBA loan. This business is selling for substantially less than its appraised value of $1,350,000, calculated as of December of 2012, so it will probably sell quickly. If you think it might possibly be a fit for you, do not delay in taking the next step, which is to request additional information.
This bar and restaurant is located in the Table Rock Lake area of SW Missouri. It overlooks a golf course and is surrounded by year round subdivisions, condos, and time share complexes. The menu features prime rib and pizza but does not currently provide delivery service which is a big opportunity for new owners. The business opens at 4:00 pm daily and features a large dining room, kitchen, and bar area with a deck that overlooks the adjacent golf course. Ample parking is available. The current owners want to retire and are willing to carry a note with a reasonable down payment. Great opportunity for a couple wanting to retire at the Lake or a young family looking for a start in the restaurant business.
Monthly Rental Apartments Pine Valley Monthly Rental Apartments and Resort & Branson Attic is located at the Branson Hills Parkway/Bee Creek Road exit of Missouri State Highway 65 giving the facility great visibility and easy access. This extended stay facility was operated for years as a successful motel. More than 10 years ago the owner observed an over building of motels in the Branson market. He remodeled the units, adding kitchens, and converted the complex to a monthly rental/extended stay facility. This has proven to be a very successful strategy. With the exception of some winter months the facility often has 100% occupancy. The units rent from between $435 and $635 a month. This reasonable price is ideally suited for the Branson labor market. The complex has a total of 32 units: 13 two bedrooms, 5 one bedroom, and 14 studio apartments. Some of the studio units are fully furnished. Furniture can be provided for $30 additional per month. The complex surrounds a mini-park with playground, grills, picnic tables and a swimming pool. There is a newer, 2,800 square foot 4 bedroom, 2 ½ bath, walk out basement home for the owners to live in which is on site and included in the price. The home also includes an office. Self-Storage Complex Branson Attic is an adjacent self-storage facility with 200 units total with 140 units finished. The listing price noted includes both the Monthly Rental & Self-Storage businesses; however, there is an option to purchase only the monthly rental apartments for $849,000.
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