East Tennessee Adventure Park: Turn-Key Money Maker

Knoxville, TN (Knox County)

East Tennessee Adventure Park: Turn-Key Money Maker
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Asking Price: Get Financing: $1,700,000

Cash Flow: $405,000

Gross Revenue: $1,480,000

EBITDA: $405,000

FF&E: N/A

Inventory: $20,000

Lease Rate: N/A /SF

Established: 2010

East Tennessee Adventure Park: Turn-Key Money Maker

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Business Description

Over the course of the past 7 years, the current owner has monetized this top-notch adventure park into a revenue and net income generating machine. The park has grown steadily over the years with new attractions being introduced. Around 25,000 patrons participated in park adventures in 2017 alone.

Adventures include zip lines, ATV rides, swinging bridge, aerial adventure course, walking trails and outdoor games. The General Manager primarily runs all day-to-day business activities which allows for minimal involvement from ownership.

The seller owns the Real Estate and will make a long-term lease commitment. Additionally, the seller is also interested in selling the property should the buyer be interested.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Facilities:
The seller owns the buildings and land on which the business resides. Buildings consist of an on-site eatery, office building, souvenir and photo shops. The seller will establish a long term 10 year lease with an automatic 10 year renewal should the buyer chose. Lease rates are already included in the EBITDA Earning Calculations.
Support & Training:
The seller is willing to train and transition the purchaser for a mutually agreeable period immediately following closing to ensure a smooth and seamless transition.
Reason for Selling:
Retiring
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Sunbelt Business Brokers of Knoxville

Business Listed By:
Sunbelt Business Brokers of Knoxville

Knoxville Sunbelt Business Brokers

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