Horseshoe Lodges and RV Park

Midland, TX (Midland County)

Horseshoe Lodges and RV Park
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Asking Price: $6,030,000

Cash Flow: N/A

Gross Revenue: $1,162,000

EBITDA: $827,000

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2018

Horseshoe Lodges and RV Park

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Business Description

89 Unit Lodge and RV Complex Designed for Long Term Workforce Housing

Horseshoe Lodges is an 89 unit residential rental complex consisting of cabins and RV spaces with common area amenities specifically designed for the area workforce needs. Built in 2018, the facility is located in the heart of the Permian Basin, the United States' premiere play for oil and natural gas extraction.

It is located adjacent to six oil and gas employers on the city limits of Midland, TX with 139,000
residents and two airports. It offers easy access to numerous dining and entertainment options in the Midland/Odessa MSA and is driving distance from almost anywhere in the Permian Basin. The facility has maintained a greater than 95% occupancy consistently since its opening.

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Detailed Information

Location:
Midland, TX
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
2
Facilities:
Each 'room' is actually a stand-alone cabin where you can park right in front of your unit, and rest peacefully without folks above, below and on every other side of you. They are fully furnished with everything you need for long term or short term stay. Every Horseshoe Lodges home is equipped: Free Continental Breakfast, 40 Inch Flat Screen TV's with Cable, Free Wi-Fi/Internet, Free Laundry Facilities, Free Ice, and a desk so you can get your work done. The development has its own private water system serviced by two wells on the property.
Competition:
Midland is located in the heart of the Permian Basin, the center of American oil and gas production. Midland’s economy has traditionally been heavily influenced by the oil and gas industry, but is now more diversified by a growing number of aerospace, distribution, and business service companies. The unemployment rate in Midland is an impressive 2.3%.
Support & Training:
This is a great investment for a Hand's Off investor, looking for mostly passive cash flow.
Business Website:
http://horseshoelodges.com
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Business Listed By:
Chad Knibbe

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