Whitewater Rafting-Multi-State Operator

Undisclosed Address, Elizabethton, TN
Business Opportunity for Sale
Catylist Listing ID: 30293257
Property Subtypes: Entertainment and Leisure
Building Size (RSF): See Agent
Sale Price: $2,977,000 - 2,497,000
Year Business Established: 1978
Gross Revenue: $754,511 (Annual)
Cash Flow: $280,773 (Annual)
Cash Flow Type: EBITDA
Sale Terms: Cash at closing. Qualifies for bank financing and/or SBA guaranteed loan. Seller will consider up to $1,500,000 seller financing secured by the real estate until paid.
Last Updated: 2/22/2019

Overview / Comments

Are you adventuresome? Do you love the outdoors? Are you tired of the corporate rat race and long for something more physically, emotionally, and financially rewarding? Put on your Indiana Jones mindset and ponder this great business opportunity. Businesses like this rarely come available and this one could be yours if you act fast.

We proudly offer the ideal business. A whitewater rafting company that is synonymous with "best in the industry". Wet, wild...but safe whitewater rafting on some of the cleanest and most pristine rivers in North America. The history behind this company is legendary; the stuff great success stories are made of and you won't want to miss.

Work absolutely hard for six months out of the year and travel or relax the other six. This business is a money machine. I was simply amazing at how steadily the phone rings with customers booking trips for their families and/or group. The is all the result of years of hard work building a business that is a well respected brand and has spent years refining the marketing and customer service.

For those of you who have parents that have retired to the North Carolina or Tennessee mountains, this is a chance to move near them and acquire a unique business that will provide a wonderful new lifestyle in a unique business.

Even better news, sales have shown solid increase year over year with bottom line net showing similar, if not more, increases 2107 is at least 5% over 2016. Expectations are that business will continue to increase revenues as management takes even more steps to promote its adventures and finds more ways to trim costs.

In order to learn about the full opportunity, please request a prospectus. A confidentiality agreement will be required but, beleive me, it is worth pursuing this opportunity.

We are truly offering a wonderful business and a lifestyle in one turnkey package. A fully signed and completed NDA will be required as well as proof of financial capability to complete a purchase. Those who qualify will be provided a comprehensive prospectus package outlining this rare business opportunity.

Additional Details

Industry Segment: Other Entertainment and Leisure
Reason for Selling: Built business to national recognition. Time to retire and sit on the porch.
Value of Inventory Included ($): $2,500
Value of Furniture, Fixtures, and Equipment ($): $200,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $1,779,000
Real Estate Lease Description: Business comes with four properties that will be conveyed in fee simple. Two property front on one of the finest water sports rivers in the eastern United States. Both properties function as guide trip dispatching facilties as well as gift and souvenir shops for patrons. Abundant parking and grounds keeper residences on the property. The property fronting the river could be expanded into camp sites and seasonal cabin rentals. Two North Carolina properties, one with river frontage and acreage, are listed in cooperation wit licensed North Carolina real estate broker.
Employee/Labor Description: Experienced guides, some have over 20 years experience and have been with the company for two decades.
Mgmt/Training Support Description: BEST DEAL ON THE MARKET! One full year with business seller as mentor and marketing training.
Competition/Market Description: There is competition and then there are market dominators. Not to brag but this business is recognized as the hands down top choice for safe and fun water rafting and customer service. The business comes with a built in marketing machine that continuously drives traffic to its website and makes the phone ring. This business has a well refined operating model that guarantees year after year success.
Growth/Expansion Opportunities: Business is booming but this one can be expanded. Why? Because it comes with full permitting to operate on another well known river in North Carolina! Wow! That's a bonus. This business is ideal for corporate or travel agency ownership offering corporate outings and overnight stays in the peaceful mountains of east Tennessee and Western North Carolina. Great for getaways and corporate retreats. Business could be made part of a more comprehensive bundle of travel vacation offerings. Obtain prospectus for details. As far as water sport expansion, tubing on the river could be instituted with relative ease generating tens of thousands in new revenue.
Seller Financing Description: $1,500,000, ten years, at 5.5% secured by real estate

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,232 10,092 23,716
Median Age: 46.97 41.94 42.49
Households: 551 4,312 10,074

Contact

Photograph of Listing Agent

Ramon L. Sanchez Vinas

ValueSource Commercial Real Estate NETAR CMLS Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Northeast Tennessee Association of REALTORS┬« nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.