Restaurant + Rental Cabins + Owner's Upscale 4 Bedroom/3 Bath Home

Restaurant, Rental Cabins, and Owners Residence 3,400' - Many Lake Views The owners have built a strong brand drawing about 80% of their restaurant business from locals. The owners have made major upgrades and additions every year for the past 5+ years, resulting in growing sales and profits year over year. No deferred maintenance! Restaurant seats 150, with many tables having a lakeview. There is a large patio area with lake views too. Sales for 2019 were initially impacted as they made adjustments due to COVID restrictions. They ended up with sales slightly greater than 2018 but cost where higher reducing net. They ended up profitable in 2019 with 2020 Sales & Net up 25%/55% over 2019 and 2021 Sales & Net up 25%/35% over 2020 Sales for 2021 completed another record year. There has been consistent substantial growth for past 5 years boosted by all the upgrades and excellent management of this property. The owner's house could be converted into 2 units for rental to provide additional income, estimated to be $60-75K per year. There are rental cabins which have all been upgraded and many have lake views. There is also plenty of room to add 3 more cabins without taking away from the intimate feel of the resort. Investment required is estimated to be $150K to generate a $65-70K increase in rental sales per year. Note: The owner's residence is upscale and makes a comfortable home private from day to day happenings if wanted. Real Estate is Listed by Richard Roberts at The Brandon Group. Please contact Richard Roberts by using email form to the right or by calling his direct number, 479.689.4455 Ext 11. NOTE: The phone number to the right that is revealed when you click on button is not our phone number. It is a tacking number that we do not use. Location: Arkansas Year Established: 1940 Number of Employees: 11FT 14PT Real Estate: Owned Building Sq. Ft.: 3,400 Facilities: The entire complex has been totally upgraded over the past five years to the highest standards possible. The only thing you will need to do is standard day to day maintenance. Website: aegisbusinessbrokers.com/businesses-for-sale.htm Market Outlook/ Competition: This part of the country continues to grow at an above average rate. We feel the growth in population and the quality of the product will continue to keep this growing. Growth & Expansion: The hours in the restaurant can be extended and also add Mondays to the days open. Breakfast could be added to the menu. The cabins are fully booked for the summer and fishing/hunting times which indicates there may be some room for price increases and additional rental units. They turn away many potential guests every year! There is room for additional cabins to be built. "The fastest-growing counties and metropolitan area in Arkansas over the past decade were in the state's northwest region, according to data released Thursday from the U.S. Census Bureau. Benton County had the state's fastest growth, with its population increasing by 28.5% since 2010 to 284,333. The second fastest growing, Washington County, saw its population increase by about 21% to 245,871. The Fayetteville-Springdale-Rogers metropolitan area grew by 24.2% to 546,725. The region is home to the headquarters of Walmart and Tyson Foods, as well as the University of Arkansas' flagship campus in Fayetteville." Source AP News