Retired or close to it? This is an easy buisness with a great return!

Norfork, AR (Baxter County)

From left to right: Residence, Creekside cabin, Woodcreek Cabin, Lodge
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Asking Price: $760,000

Cash Flow: $72,000

Gross Revenue: $144,000

EBITDA: $72,000

FF&E: $108,000

Inventory: N/A

Real Estate: $985,000

Established: 2004

Retired or close to it? This is an easy buisness with a great return!

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Business Description

$440 million in tourism dollars are spent fishing the White River.

Tourism is the #1 Industry in Arkansas! Our area's market has averaged a 5% market growth each year for the last 5 years. This is a growing industry, supported by a very pro-tourism State. Just the surrounding 4 County's represent a $440,000,000 tourism market. These are dollars spent on Lodging, boat rentals, and other tourist attractions ONLY.

Our business derives it's income from the rental of 2 cabins, a Lodge with 2 suites, and 2 separate rentals homes, boat & canoe rentals and guided fishing services. It offers a type of working lifestyle that eliminates the stress encountered in America's business world. If you'd like to earn a living, own a solid investment and enjoy your work, this place is for you!

Riverside Retreat’s Annual Sales breakdown by category:
Lodging 70%
Boat rentals 14%
Guided fishing Services 16%

To get an overall feeling for the business and for detailed photos go to www.whiteriverresort.com.

OUR STORY

We have been amazingly blessed to be able to raise our three children surrounded by such beauty and tranquility. We left the hectic race and crowds behind 15 years ago when we decided to sell one business and begin a new adventure. It had always been a dream of Chris’s to be a fishing guide and we decided a resort would be the perfect compliment. Since this was going to be a wonderful lifestyle change as well as a successful business, we decided to put a lot of thought into our home and enjoy the river view we were moving here for. The owner’s residence has great vacation appeal and could easily be rented as an additional property if the owner or investor did not plan to live on site. Carol’s degree is in in Interior Design and though Chris’s degree is in Business Manaement, with a construction background. We found 8 acres on the White River, a world class trout fishery, and began building our White River Lodge, which is now in its 15th season. The next year we built and opened the Woodcreek and Creekside Cabins, and finally we began building our home. You will find an aerial photo on our website.

God has blessed our business and while we have enjoyed living and working here, we sense it is time to move into full retirement. Over the years we have had many repeat guests that came long ago as customers, but left as friends. We look forward to their repeat trips and hearing what has gone on in their lives since their last visit here. Our policy has always been to “read” our guests and to be as involved with them as they desire. Some desire no interaction at all and with our online check-in procedure they have complete privacy. Others want to visit with us, ask us questions, and get to know us. We make ourselves available to those guests and because of that we have met so many interesting people with amazing life stories. We love watching the transition in our guests. So often they arrive keyed up from the stress of their job and everyday life. By the time they leave they are relaxed and smiling not only with their mouth, but with their eyes. The countryside here is just so peaceful and our hidden little valley is a jewel made even quieter by the fact that we are on a dead end road.

We have always home schooled and this was the perfect place for us to live and work together as a family 24/7. Owning a family business is a wonderful way to be able to work side by side with your children and teach them life lessons. We have never regretted our decision to make this lifestyle choice and are grateful that we did not wait to seize the slower pace and quality of life we have lived here along the river. Coffee on the front porch, family meals on the screened in back porch, long walks and bike rides, fishing, canoeing, kayaking, sunrises, sunsets, and the list goes on and on. This is a little personal, but one of our favorite things about this life has been snuggling a little longer in the morning and savoring time together over

Detailed Information

Location:
Norfork, AR
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
8,820
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
A 2400 square foot Lodge that will accommodate up to 20 guests. This same building has a 1200 square foot shop/storage/laundry area. Woodcreek Cabin - 720 square foot with a hot tub and gas log fireplace for 2 guests. 1,100 square foot Creekside Cabin with a hot tub for 6 and a gas log fireplace. Our personal residence of approximately 3,400 square feet. All situated on 8 acres on the White River with 400 feet of frontage. In addition, we have rental management agreements for 2 other properties. One is river front and the other has a river view. (Home Based)
Competition:
This area's lodging mainly appeals to male anglers. To differentiate ourselves we sought to create lodging that would appeal to a smaller, but lightly focused-on market, the family. We sought to attract middle/upper income families with nice lodging with privacy and upscale service and amenities such as hot tubs. We have spaced our lodging out, thereby providing privacy similar to private cabins in the woods. We stress that we are a quiet, peaceful place. From guided fishing services to canoe shuttles we provide a much higher degree of personal service.
Growth & Expansion:
The business has immense room to expand. This business was developed to be the "perfect job" for me until I reached retirement age. We have made every effort to NOT grow it. There is acreage to allow for additional lodging. Guided fishing services and boat rental services could be expanded. Fishing equipment, bait & basic groceries could be sold. Paid laundry services could be added. The canoe/kayak rental/shuttle service could be expanded. With many places to ride, 4 wheelers or dirt bikes could be rented.
Financing:
No owner financing.
Support & Training:
We would be willing to train and assist for a short time which would be negotiable .
Reason for Selling:
Full retirement
Home-Based:
This business is Home-Based
Business Website:
http://www.whiteriverresort.com
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Business Listed By:
Chris Jackson

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