Offering Memorandum KEVIN BURGER 949.860.9820 office 949.375.1301 mobile 800.605.1939 fax BRE License # 01441685 Kevin@CalComAdvisors.com
Investment Analysis
Investment Analysis Income 2013 2012 2011 Current Operations Gross Revenue $476,000 $462,000 $435,000 Net Operating Income Last Three Years 2013 Actual Consistent Growth in Income and Profits Effective Gross Income $476,000 Total Expenses (49% of EGI) $295,000 Net Operating Income $181,000 2012 Actual Effective Gross Income $462,000 Total Expenses (63% of EGI) $290,000 Net Operating Income $172,000 2011 Actual Effective Gross Income $435,000 Total Expenses (64% of EGI) $267,000 Net Operating Income $168,000
Investment Analysis Expenses EXPENSES KOA Franchise $ 42,703.00 Utilities $ 104,605.00 Opertating Expenses $ 20,287.00 Office Supplies $ 843.00 Grounds Maintenance $ 7,536.00 Advertising $ 1,082.00 Automotive $ 2,245.00 Meals and Entertain $ 900.00 Insurance $ 4,664.00 Admin Expenses $ 15,083.00 Taxes $ 22,469.00 Property Mgmt Fees $ 64,400.00 Travel Expenses $ 3,550.00 Total Expenses $ 295,031.00
Investment Analysis Pricing Price $1,795,000 Down Payment (25%) $448,750 Seller Financing $1,346,250 Interest Rate 5.95% Amortization 20 Years Cash Flow Analysis Net Operating Income $181,000 Debt Service $115,275 Net Cash Flow $65,728 Value Metrics Cash on Cash Return 14.65% Cap Rate 10.1% Loan Comments: Seller is willing to finance at above terms.
Located in beautiful Soledad Canyon, the Acton/Los Angeles North KOA supports 84 RVs with full services, 50 structured and rustic tent camping at the Northeastern end of the campground. The property consists of an outdoor pool, volleyball court, horseshoe pits, an playground, 2 recreation/meeting rooms, three bathhouses with showers, laundry facilities, propane sales, a convenience store, and additional land to support prospective revenue sources such as Kamping Kabins, Tepee s, RV storage, and horse boarding. Investment Summary Cap Rate of 10+% Cash on Cash of 14.6% Seller will finance for qualified buyer This KOA Kampground is on approximately 75 acres and is an access point for the Pacifc Crest Trail, which runs from Mexico to Canada through the Western United States. It is a short drive to California s world-famous theme parks, shopping, dining, theatres, museums, and beaches. This resort hosts several popular festivities each year including car shows, an American Indian festival and many group activities. The owner has made numerous physical improvements to the property during his stewardship that will last for years to come and have drastically enhanced the value of this income producing asset. Management will stay KOA Franchise provides 85% of reservations Revenue up every year for 6 years Many improvements made by current owners Multiple revenue streams KOA has national brand recognition
Property Summary Acton/Los Angeles Acton, CA 93510 Los Angeles County APN#: 3209-010-031, -033, -034 Lot Size: Approximately 75 acres RV Spaces 84 Structured Tent Sites 50 Rustic Tent Sites 15+ Double-wide Homes 1 Meeting/Rec Lodges 2 Shower/ Restrooms 3 Convenience Store 1 Guard House 1 Recent Revenue Enhancements RV Storage of approx. 50 spaces adds over $20,000 annually in construction now Add Premium Kamp sites with fire rings, bench seating and BBQ grills Board horses or provide horse back riding tours of the area Bicycle Rentals Partial List of Improvements since 2007 New Gazebo New Propane Tank Paint Recreational Areas Sand Box Security Gate Swimming Pool Upgrade Cell Phone Tower Upgrade New Flags/Signs Furniture and TV (Mgr s Unit) Campground Landscaping Renovate Rustic Tent Area Electrical Lighting Improvements New Furniture for Meeting Room Outdoor Movie System Popcorn and Snow Cone machine New Outdoor Tables and BBQ New Fire Rings Concrete Balusters New Manufactured Home New Split Rail Fence New Cooler for Sodas New Septic Pump New HVAC for Store Renovate Guard Station Playground Equipment Playground Rubber Mulch Electrical Pump-Water Tank New Lights New JLG and genie boom lift Renovate Bathhouse #2 Renovate Registration/Store New Safe New Dump Truck Vermeer Chipper New Sprinkler Lines WiFi for Campground Store Shelves New Tractor Renovate Bathhouse #3/Laundry Campground Landscaping Painting Golf Carts Concrete around Pool The enclosed information has been sourced from parties we believe are both credible and reliable; however, it is incumbent upon any buyer to verify the data as to its accuracy prior to purchasing this property. Broker makes no warranties, guarantees, or
Property Photographs Buildings and Infrastructure Managers Multi-Section Mobile Home Undated Lodge New Guard Hut Propane Sales Station
Property Photographs Upgraded Restrooms and Showers
Property Photographs Recreational Areas Crystal Pool with Spectacular Views Playground Horseshoe Pits Volleyball Area Shuffleboard Courts Gazebo
Property Photographs RV Parking Areas & Tent Camping
Property Photographs Pacific Crest Trail
Geographical Location
Aerial
Acton/Los Angeles Park Layout and Parcel Map APN# 3209-010-031 20.64 acres 3209-010-033 20.07 acres 3209-010-034 34.70 acres