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Marina Sold: Grider Hill Marina Resort, KY

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Overview

This is a rare opportunity to acquire a profitable, long-running going concern marina and resort facility on Lake Cumberland.

Grider Hill Resort & Marina has been serving visitors to Lake Cumberland for nearly 70 years. It is located on the deepest, most scenic part of the lake, and is one of the largest facilities in the region. This full-service resort and marina encompasses 311 acres, with 900 slips, lakeside lodging and dining, a ships store, and a huge party deck with covered, open air seating and amazing lake views. Approximately one third of the docks have been replaced within the past 3 years.

A majority of the income at Grider Hill Resort & Marina comes from high-net revenue sources; slip rental, houseboat rental, and lodging. Established operating history, great cash flow and upside make this a viable investment.

Location

Lake Cumberland is one of America's premier recreational regions, boasting three state parks, a national forest, a national river and recreation area, a national recreation trail, a major civil war battleground and historic site with one of the nation’s first national cemeteries, extensive cave systems, countless waterfalls, high rocky cliffs, dozens of natural arches, record fishing, and wildlife that includes bear, elk, and bald eagle. The area sees more visitors each year than Yellowstone National Park. It is also the nations largest lake, by volume, east of the Mississippi River, boasting roughly 1,255 miles of shoreline. Lake Cumberland is considered by many to be the houseboating capital of North America.

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