DARDANELLE RESORT Top of the Sierra Nevada

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 $1,250,000, Seller Financing
For Further Information Contact:
John Grant
Park Brokerage Inc.
11510 Caminito Garcia,
San Diego, CA 92131
(858) 586-9400, [email protected]
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.
Price
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
$1,250,000
Address/City
51 miles east of Sonora on Highway
108, Dardanelle
County
Tuolumne
State
California
Financials & Broker Proforma
See attached spread sheet
Age
Opened July, 1923
Loan
Seller
Capitalization Rate
10%
Est. Spendable Return
12%
Total Return
16%
Parcel Size
12 Acres on Forest Service Lease
No. Spaces
Water
Mtn Spring
Down Payment
$500,000
Sewer
Septic
Listing Salesman John Grant Park Brokerage Inc. (858) 586-9400
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. 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.
Please contact Broker for historical financials.
TOTAL ESTIMATED NET INCOME BEFORE DEBT
SERVICE
$124,475
LOAN INFORMATION
TOTAL ANNUAL PRIN.
& INTEREST PAYMENT
$64,479
Seller will carry a $750,000 1st trust deed at 6% interest
with monthly payments amortized over 20 years with a
10 years term, monthly payment $5,373.23
EST. ANNUAL PRE-TAX
CASH FLOW (SPENDABLE)
$59,996
PLUS PRINCIPAL REDUCTION YEAR 1
$20,024
TOTAL RETURN
$80,020
Dardanelle Resort, Route 108, Dardanelle, CA
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Dardanelle Resort Site Map
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CLOSED FOR SEASON
Open Spring 2015
Thank You for your continued support
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
11/13/2014 8:02 AM
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.