Beaver Lake Cottages $1,490,000

After 16 years of excellence, out-of-state owners now offer their pride and joy for sale.

8 units (5 one-bedroom cabins, 1 two-bedroom cabin and 2 suites) plus owners/innkeepers home with knock-down gorgeous views of Beaver Lake in the Ozark Mountains in Eureka Springs, Arkansas.

There is room to add another cottage on the existing acreage. We have optional acreage to expand about 4 more cottages on an adjacent ridge if desired (priced separately). Our existing cottages cater to the honeymoon and romantic get-away market, and the adjacent ridge would be perfect for family cabins (we currently refer family business to others we network with).

With ADR $185, RevPar of $124, and annual revenues some $362,000, an owner/operator will typically earn over $200,000 per year (less interest on loan, if any). Plus, add any housing allowance for your own free living on site, which most people would figure to be $40,000 or so a year. We have strong financials that come straight from our tax returns that any banker will appreciate. If you want to finance, a bank will want about $400,000 down.

We have lived out-of-state for the past 7 years, and our on-site innkeepers have managed the business for us. They are willing to stay on if requested, but this is an ideal "mom and pop" business who are tired of the main-stream stress and want to become "rat race dropouts." Our slogan is "Relax, Reflect, Renew" and that applies to owners as well as guests.

NOTE - we are NOT a B&B. That is a very people intensive business. Ours is not. We check them, they go to their cottage or suite, and we seldom see them again. We do not cook breakfast for ourselves, let alone someone else. We designed this business to be easy, not hard.

We do request that you call us, the owners, and not our managers. Our managers know we are selling but they are not the ones to call. Call us at 985-845-0013 and ask for Charles Goodwin. Before calling, please see our web site at www.BeaverLakeCottages.com as this will give you the best indication of this unusual opportunity to earn a good living from a beautiful home with a beautiful view of Beaver Lake.