Nature Resort and Corporate Retreat

Liberty County, TX

Seller Financing Available
Private Cabins
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Asking Price: $8,800,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $8,860,600

Established: 1969

Nature Resort and Corporate Retreat

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Business Description

The land on which the company is located was originally purchased in 1932. Since then they have purchased additional land and constructed the buildings currently being sold. The company has been passed down and sold several times since then, but it has always remained in the same family. The current majority owner has owned the company and all assets since 1984 when he bought out the rest of his family.

The Seller is proposing an asset sale structure. The assets being sold are as follow:

• The 104 acres owned by JDSSTO Investments, LTD;
• all buildings owned by Rye, LTD that are located on the same 104 acres;
• all the tangible and intangible assets of the business called Hilltop Herb Farm, LLC (the restaurant and banquet facility);
• and the assets of the business known as The Retreat at Artesian Lakes, (DBA-resort and conference center).

Regardless of the company holding the debt obligation, all accounts payable both, long term and short term, relating to either The Retreat at Artesian Lakes or Hilltop Herb Farms will be paid in full at closing.
The conference center is a corporate retreat facility designed, built and operated to support learning. Whether working with a start-up company or a Fortune 500 conglomerate, it offers the complete combination of setting, amenities and programs to ensure the success of corporate meetings, seminars, workshops and planning retreats.
It is located approximately 60 miles northeast of downtown Houston. Quietly nestled in over 500 acres of East Texas pines and surrounded by inter-connected artesian water lakes, the conference center provides the solitude and communion with nature key to opening the mind and heart to growth experiences and relationship building.
Complete Meeting Packages:

• Lodging in authentic log cabins or executive private homes overlooking lakes or in log suites set in a pine grove
• Breakfast, Lunch and Dinner at Hilltop Restaurant
• Meeting Room with basic A/V Package
• Morning & Afternoon Snack Breaks and Continuous Beverage Service
• Evening Hospitality Suite set up with games
They offer several meeting rooms in a variety of sizes, ranging from a cozy conference room setting for small groups to a larger room with capacity for up to 100 participants.
All meeting rooms are equipped with wireless, high-speed internet access, basic A/V equipment, “tack-friendly” walls and adjacent snack bars.
In addition, many groups turn our decks and gazebos into outdoor classrooms. The Ropes course includes a spacious gazebo for conducting debriefing sessions. For the guest’s free time the facility offers: horseback riding, canoeing and kayaking, fishing, fresh and salt water swimming, cycling, hiking, fitness center, disc golf course, soccer fields, lighted basketball court, horseshoe pits and “Bluegill pond” (a specially stocked pond for children to fish).
The facility is a hospitality complex situated on 100 acres featuring 32 guest cabins with 18,220 SF of enclosed living area, a 9,378 SF conference center, a 7,189 SF restaurant with meeting space, an approximate 2,000 SF fitness center and an approximate 1,500 SF hot tub grotto. Total building area is estimated to be 38,287 SF. Ancillary features include miscellaneous storage buildings, horseshoe and volleyball courts, saltwater swimming pool, outdoor rope course, and artesian wells which feed a grouping of natural and manmade lakes.
There are several areas the company is currently exploring which would dramatically increase revenue and profitability. The first is to build a medical spa/wellness center on the property. They have developed a comprehensive business plan which conservatively projects revenues around 6 to 8 million dollars in revenue per year with only 20 guests per day. A copy of the complete business plan for the wellness institute is available to serious buyers upon request. The business plan is included in the assets for sale.

The current owner of the corporate retreat also owns an additional 106 acres adjacent to the retreat which he has leased to a sand and gravel company. They have had geological surveys done and discovered there are around 4 million cubic yards or 5,600,000 tons of sand and gravel within 45 feet of the surface. Excavating 30,000 tons per month amounts to a supply that should last 15 years. At current market prices the company should have an annual gross revenue of $3,496,950. The current owner’s royalty of 20% will yield roughly $700,000 per year in revenue. The owner will consider selling his 20%interest in the sand and gravel operation. This would need to be negotiated separately from the Retreat and/or wellness institute and is not included in the current asking price.

The owner is willing to consider a Seller held note for a portion of the sales price.

Attached Documents


Detailed Information

Location:
Liberty County, TX
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
38,287
Employees:
25-30
Facilities:
The facility is a hospitality complex situated on 100 acres featuring 32 guest cabins with 18,220 SF of enclosed living area, a 9,378 SF conference center, a 7,189 SF restaurant with meeting space, an approximate 2,000 SF fitness center and an approximate 1,500 SF hot tub grotto. Total building area is estimated to be 38,287 SF. Ancillary features include miscellaneous storage buildings, horseshoe and volleyball courts, saltwater swimming pool, outdoor rope course, and artesian wells which feed a grouping of natural and man made lakes.
Competition:
The businesses mainly draw families located in the states of Texas, Louisiana, Arkansas, and Oklahoma although, they receive regular vacationers from as far away as Europe. Most of the institutional clients are from Texas and Louisiana. With a dynamic internet marketing campaign, they have the facilities to attract vacationers and corporations from a much wider radius. There is no competition for this type of nature resort and corporate retreat in the entire southeast Texas area.
Growth & Expansion:
There are several areas the company is currently exploring which would dramatically increase revenue and profitability. The first is plans to build a medical spa/wellness center on the property. They have developed a comprehensive business plan which conservatively projects revenues around 6 to 8 million dollars in revenue per year with only 20 guests per day. A copy of the complete business plan for the wellness facility is available to serious buyers upon request. The business plan is included in the assets of the sale. The current owner of the corporate retreat also owns an additional 106 acres adjacent to the retreat which he has leased to a sand and gravel company. They have had geological surveys done and discovered there are around 4 million cubic yards or 5,600,000 tons of sand and gravel within 45 feet of the surface. Excavating 30,000 tons per month amounts to a supply that should last 15 years. At current market prices the company should have an annual gross revenue of $3,496,950. The current owner’s royalty of 20% will yield him roughly $700,000 per year in revenue. The owner will consider selling his 20%interest in the sand and gravel operation. This would need to be negotiated separately from the Retreat and/or wellness institute and is NOT included in the current asking price. There is a 1.8255-acre entrance road to the sand and gravel tract included in the 100 acres of the resorts land. The sand and gravel company would need to retain use of this ingress and egress route after the sale of the resort.
Financing:
Total sales price includes all business assets and real estate.
Support & Training:
Included in the sales price the seller will provide 8 weeks of training at 40 hours per week. The owner would consider additional support based on buyer qualification and quality of offer.
Reason for Selling:
Owner retiring and moving on to new challenges.
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Contact the Seller

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Brad Tait

Business Listed By:
Brad Tait

Tait & Associates Business Brokers

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Memberships & Certifications:
The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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