Successful TN Marina & Resort | Chattanooga MSA | Development Upside

Guild, TN (Marion County)

Successful TN Marina & Resort | Chattanooga MSA | Development Upside
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Asking Price: Get Financing: $5,200,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Successful TN Marina & Resort | Chattanooga MSA | Development Upside

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Business Description

Successful TN River marina and resort situated on Nickajack Lake within the Chattanooga MSA

• 68+/- acres (Owned Fee Simple) | 2 miles of waterfront
• 30 minutes from Downtown Chattanooga | great development potential
• No lease expense | harbor rights go with the land
• 219 boat slips up to 80’ | haulout service w/50 ton Travelift
• Fuel Service
• Restaurant available for lease
• 65 +/- Pad RV park with room for expansion
• 15 floating cabins and 16 Land Cabins
• Established business with good cash flow

This is a rare opportunity to acquire a profitable, long-running marina and resort/RV facility on Nickajack Lake on the Tennessee River. A majority of the income at Hales Bar Marina & Resort comes from high-net revenue sources; slip/RV rental and lodging with a low expense ratio. The marina encompasses 68 acres and two miles of shoreline owned. Steady cash flow, combined with waterfront land within the Chattanooga MSA, makes this a viable going concern business investment with great potential development upside. It is possible that 700 slips maybe added. Having a historic delineation, the dam building may be remodeled/rehabbed and makes for a lofts development opportunity; or a dry storage facility. The Hales Bar Marina and Resort property is located in Marion County and there are no countywide zoning regulations. One developer had plans to build 45 townhouses.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Growth & Expansion:
68 Acres waterfront land owned in fee simple. Approximately 2 miles of shoreline within 30 minutes of downtown Chattanooga. Great upside in the development potential.
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Michelle Ash

Business Listed By:
Michelle Ash

Simply Marinas

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