DARDANELLE RESORT Top of the Sierra Nevada Mountains at 6,500 Feet, 51 Miles East of Sonora, CA on Hwy 108 Sierra Nevada Mountains Secret Gem Rustic Family Resort Opened July/1923 34 RV Sites, 8 Cabins, 5 Motel Rooms, Large Tent/Group Area, Restaurant, Store, Outside Deck with Bar On the Stanislaus River-Great Fishing Sales Price $1,150,000, Seller Financing Only $350,000 Down Payment For Further Information Contact: John Grant Park Brokerage Inc. 11510 Caminito Garcia, San Diego, CA 92131 (858) 586-9400, john.grant@earthlink.net Information contained herein has been obtained from the owner of the property or from other sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it.
Top of the Sierra Nevada Mountains Resort Dardanelle Resort As Close To Heaven As You Can Get 34 RV Sites, 8 Cabins, 5 Motel Rooms, Restaurant & Outside Bar Address/City 51 miles east of Sonora on Highway 108, Dardanelle County Tuolumne Price $1,150,000 Down Payment $350,000 State California Financials & Broker Proforma See attached spread sheet Capitalization Rate 10.9% Age Opened July, 1923 Est. Spendable Return 13.5% Loan Seller Total Return 20.3% Parcel Size 12 Acres on Forest Service Lease No. Spaces Listing Salesman John Grant Park Brokerage Inc. (858) 586-9400 Water Mtn Spring Sewer Septic DESCRIPTION AND INFORMATION: High elevation, uncrowded alpine wilderness, and one of the most beautiful places in the world. The one of a kind, Sierra Nevada mountain resort opened in July, 1923 and is next to the Stanislaus River and just west of the Sonora Pass. 34 RV sites, 8 cabins, 5 motel rooms, large group/tent area, general store, restaurant for 30 persons, outdoor bar with deck for 50 persons, gift shop, gas station, public showers, and laundry room. Rental rates are RV $42 nightly and $600 monthly, $25 tent, cabins $149-$209, and motel $89. Property is on a continuous forest service lease at 3% of the gross and Buyer would get new 20 year lease at purchase. Forest service leases are always renewed and the entire area is forest service property. Electricity is generated by onsite propane generators. Gas tanks were upgraded in 1999 to current triple wall standards. An additional five acres can be added to the property. Tremendous upside in opening in winter to snowmobile clientele on weekends. Owner sold the property in 2007 and took back the property in foreclosure in 2010 and has tremendously upgraded the property since taking it back over with a tremendous amount of renovations to restaurant, kitchen, and the cabins. Gross income was as high as $500,000 and tremendous profit potential to get the income back to that level. Please review the resort s web page at www.dardanelle108.com. TOTAL ESTIMATED NET INCOME BEFORE DEBT SERVICE $124,475 LOAN INFORMATION TOTAL ANNUAL PRIN. $68,777 & INTEREST PAYMENT Seller will carry a $800,000 1 st trust deed at 6% interest with monthly payments amortized over 20 years with a 10 years term, monthly payment $5,731.45 EST. ANNUAL PRE-TAX $55,698 CASH FLOW (SPENDABLE) PLUS PRINCIPAL REDUCTION YEAR 1 $21,358 TOTAL RETURN $77,056
DARDANELLE RESORT ACTUAL Year End 2007 ACTUAL Year End 2012 ACTUAL Year End 2013 ACTUAL Year End 2014 Broker Proforma REVENUES Gross Receipts 427,844 Grooming Income 12,735 Hotel & Cabins 54,908 52,084 RV/Campground 28,179 33,998 Taxable Income 53,977 66,194 Non-Taxable Income 102,313 95,291 Food & Beverage 173,769 Lodging Sales 112,427 TOTAL REVENUES 440,579 239,377 247,567 286,196 350,000 EXPENSES COGS-Inventory 136,000 55,679 COGS-Bar Supplies 10,058 COGS-Fishing Supply 948 COGS-Fuel 67,409 44,238 50,462 50,462 COGS-Gifts For Resale 4,202 COGS-Restaurant Supply 21,128 67,776 31,998 31,998 COGS-Store Supply 83,296 82,905 82,905 COGS-Linens & Lodging Supplies 18,398 18,398 TOTAL COGS 323,041 127,521 167,693 183,763 183,763 Advertising 0 100 70 Car & Truck 5,530 0 4,111 4,111 Insurance 8,444 11,806 16,348 10,856 10,856 Legal & Professional Fees 1,100 2,500 1,415 1,415 Office 2,884 87 5 1,725 1,725 Vehicle Rent 0 0 512 231 231 Repairs & Maintenance 21,852 9,316 28,538 6,405 6,405 Supplies 0 18,774 0 Taxes & Licenses 2,995 7,595 67,472 5,263 5,263 Meals & Entertainment 294 577 586 586 Utilities 3,991 3,096 4,092 700 700 Landscaping 929 0 Miscellaneous 936 1,593 0 723 723 Equipment Maintenance 11,285 0 Entertainment 3,500 0 Bank Charges 939 5,788 5,337 3,878 3,878 Resort is only open late May end of October. Large revenue available by expanding on additional acreage, opening on winter weekends for snowmobilers and opening earlier in the spring and later in the fall, and reopening gas station that has been closed. Seller expensed a number of capital improvements renovating the resort after taking back the property in 2010. See 2010 Resort Improvments.
DARDANELLE RESORT Parts 2,965 0 Licenses & Permits 5,105 4,713 3,182 2,329 2,329 Outside Services 0 10,171 512 512 Promotionals 0 180 1,736 1,736 Printing 0 180 Telephone 0 6,374 1,098 1,098 Uniforms 0 237 194 194 Forest Service Lease Contributions 1,200 1,200 Dues & Subscriptions 2,342 2,342 TOTAL EXPENSES 395,790 190,389 313,468 225,525 225,525 NET INCOME 44,789 48,988-65,901 60,671 124,475
Dardanelle Resort, Route 108, Dardanelle, CA http://dardanelle108.com/resort_map.html 1 of 1 11/13/2014 7:54 AM Dardanelle Resort Site Map (Back)
Dardanelle Resort, Route 108, Dardanelle, CA http://dardanelle108.com/rates.html 1 of 2 11/13/2014 8:02 AM Home Services Lodging & Rates Location Map About Us CLOSED FOR SEASON Open Spring 2015 Thank You for your continued support Visit "Google Maps" for directions or maps to Dardanelle, Ca Visit us on Facebook Lodging & RV Rates (See Site Map) Currently booking thru mid to end of October... Subject to change w/out notice...depending on Mother Nature and what weather conditions she might have for us. Cabins 1,6,10: Sleep 4.. Cabins have a living room, bedroom, bathroom, and kitchen. Comes with cooking utensils, pots, pans and dishes. Stove, refrigerator, microwave, toaster and coffee pot. Towels and bedding provided Rate is $179. Per night plus tax. Cabins 4,5,9: Sleeps 2..Cabins have bedroom, bathroom, and kitchen. Comes with cooking utensils, pots, pans and dishes. Stove, refrigerator, microwave, toaster and coffee pot. Towels and bedding provided Rate is $149. Per night plus tax. Cabin 2/3 (this is one large cabin): Sleeps 6.. Cabin has a living room, 2 bedrooms, 2 bathrooms, and kitchen. Comes with cooking utensils, pots, pans and dishes. Stove, refrigerator, microwave, toaster and coffee pot. Towels and bedding provided. Rate is $209. Per night plus tax. A $50 fee will be charged to your credit card for cabins left dirty and / or with dirty dishes. Motel Rooms 11/12/14/15: Sleeps 2..Bed and Bathroom.. Rate is $89 per night plus tax. 2 night minimum require on ALL cabins and motel rooms. 3 night minimum required on ALL holiday weekends. Some pets are allowed: A deposit of $100 per pet is required. RV Rates: $42.00 per night.. Most sights have water, electric and sewer.. Some have water and electric RV Rates for sites #26 & #27 TENTS ONLY: $25.00 per night
2010-Current.Since taking back: 2010.Restaurant / Kitchen remodeled to county code.. $50,000. 2010 New Stoves and /or Refrigs Cabins 1..2..6...5..9 $ 2500. 2010-2013 Electrical/Plumbing main building and cabins/motels to county code.. $20,000 2010 3 of the RV has updated electrical $1800. 2010 Floor and flooring in store and restaurant.. $4,000. 2011 Updated dining room and bar area table and chairs $1500. 2013 Water heater cabin #2/3.. $600. 2013 All cabins painted in side $5000. 2013 Mattresses in cabins and motel rooms $ 4000. 2014 Sleeper sofas in cabins 1..2..6..10 $2000 2014 Counter top {sink area} cabins 1 & 6 $750 2014 Floor in cabin 6 bathroom $500 2014 Currently broken windows being replaced Pending completion est is $4000 2014 Stoves Cabins 2 & 4. $1000 2014 Leach lines cabin 9..10 and RV #22 $ 6000. 2014 Water Heater Cabin #5 Note: In 2000 all fuel tanks {triple wall I believe I what it s called} installed along with new recording system {$100,000} Also in 2007 Liquor License changed from seasonal to year round.