WATAUGA RIVER LODGE

Undisclosed Address, Tennessee
Business Opportunity for Sale
Catylist Listing ID: 30546487
Property Subtypes: Entertainment and Leisure
Building Size (RSF): See Agent
Sale Price: $1,650,000
Name of Establishment: Watauga River Lodge
Business Website Address: wataugariverlodge.com
Year Business Established: 2007
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Living Accomodations: Yes
Sale Terms: Cash at closing
Last Updated: 3/25/2020

Overview / Comments

OWN THIS AMAZING RIVERFRONT BUSINESS!! One of the few QUALITY (TROPHY) TROUT STREAMS in the state, and some of the best fishing in the country. Featured in Garden and Gun magazine as "The other Montana". Numerous buildings include a 3 unit lodge, 1 bedroom cabin, Pavilion, barbeque shack, bath house, and camp store. Across the road are two houses for owner's residence, rental, etc. Very nicely appointed with custom made furniture. Beautiful river frontage, and located between Johnson City and Elizabethton. This is a rare opportunity. Tremendous potential for events, rentals, etc. Listing agent will accompany all showings. QUALIFIED BUYERS ONLY.

Additional Details

Industry Segment: Other Entertainment and Leisure
Reason for Selling: Was used for family gatherings, but now kids are grown and gone.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $1,650,000
Employee/Labor Description: Manager and a few fishing guides
Mgmt/Training Support Description: Current manager and staff are open to remaining.
Competition/Market Description: This is a very unique property.
Growth/Expansion Opportunities: Currently only advertising on their website. Great potential for short and long term rentals (Air Bnb, VRBO, etc), events, etc.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,238 4,952
Median Age: 40.69 37.61
Households: 831 1,777

Contact

Photograph of Listing Agent

Richard Banks

North East Tennessee Real Estate
NETAR CMLS Member
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