Mineral Springs Lake Resort & Campground

Address: 160 Blue Gill Rd, Peebles, OH 45660

Year Opened: April 1973

Number of Sites: 424

  • 421 campsites
    • 106 2-way (water and electric)
    • 315 3-way (water, electric, and sewage)
  • 3 cabin units
    • All 3 have water, electric, and sewage

573.70 acres

  • 0.7 units / acre

Total land SF: ~25,000,000 sq.ft.

  • 11 common area buildings
  • 2 single-family homes
  • 848 parking spaces, 2 per camp site
  • 80% gravel roads – asphalt road at entrance, which is the main road to the general store, with gravel roads extending to most sites
  • Approximately 5 miles of roadway within the campground
  • Approximately 1.75 miles of roadway throughout the rest of the property

A proven value-add opportunity with further revenue enhancement through management improvement, addition of more camp sites and other improvements

  • Approximately $30,000 profit in the year 2017
  • Professional management took over January of 2018 – profit increased more than 600% to approximately $183,000 in the year 2018
  • The new management implemented a new point of sale system in May 2018 for improved income and expense tracking, as well as other renovations to the property that led to increased profits.
  • Nearly $300,000 was spent on the SCAT (Sewage Collection and Treatment) sewage system in 2007. This sewage system was constructed to handle growth and expansion to allow the addition of more camp sites.

Other Value Add Opportunities Include:

  • Shower, restroom and laundry facility updates
  • Possible New Amenities
    • Big screen for “drive-in move nights”
    • Food trucks
    • Arcade
    • Zip line
    • Swimming pool
  • Expanded food, grocery and necessity options at the general store
  • Live bands / DJs at the Playground Pavilion on the weekends
  • Expanded season

Hidden gem of a location with local attractions

  • Only 60 miles from Cincinnati and 75 miles from Columbus
  • Just far enough to get away, but not too far to be inconvenient
  • Only 15 miles from Serpent Mound Historic Landmark
  • 10 miles from House of Phacops (rock shop, fossil collection, and trilobite gallery)
  • 25 miles from Shawnee State Park
  • Within minutes of grocery stores and local restaurants

Accommodations

  • 421 camp sites
    • 315 3-way sites (electric, water, and sewage)
    • 106 2-way sites (electric and water)
    • 75 of 421 sites are waterfront
    • 96% occupancy
      • 391 annual leases
      • 12 semi-annual leases
      • 18 sites reserved for leasing by weekend
        • 417 weekend-only campers in 2019
    • 3 cabin units
      • All have water, electric, and sewage

Amenities / Property Highlights

104 surface-acre mineral spring fed lake with inflatable water park!

Marina with Launch Ramp

  • Electric, row, or sail boats only to preserve clean water!
  • 55 boat slips total
    • 22 public slips
      • $399 for the entire season (April 1 – November 1)
      • All slips have electric hookup
      • Room to increase slip lease price as they sell out every year
    • 33 private slips at waterfront camp sites
      • $200 annual slip fee for that site’s camper

Fishing

  • Blue Catfish
  • Shavelhead Catfish
  • Large Mouth Bass
  • Crappie
  • Sunfish
  • Blue Gill

Kayak/Canoe Rentals

  • $8/hour or $35/day
    • 379 rentals for 2019 season
  • $5/day lake access for bring your own kayak

Wildlife Spotting

  • White tail deer
  • Turtles
  • Fox
  • Racoon
  • Bald Eagle
  • Red Tail Hawk
  • Beaver
  • Wild Turkey
  • Geese

Swimming Area

  • Inflatable water park
  • Open Memorial Day weekend through Labor Day weekend
  • $3/day water park access fee for campers
  • $5/day water park access fee for non-campers
  • $1/day lifejacket rental (required)
    • 4,202 non-camper swimmers for 2019 season

Beach & Island

  • Beach Area
    • Picnic pavilion with shelter
    • Concession stand
  • Private island in center of lake

Playground Area

  • Pavilion picnic shelter
    • Stage for bands and DJs
  • Swing set
  • Basketball court / multiple hoops
  • Sand volleyball

ATV Trails

7 miles of ATV riding trails through 200 acres of woods

  • Free for campers
  • $20/day for non-campers
    • 600 one-day riding trail passes sold to non-campers in 2019

Personal Care

  • Coin operated clothing care facility
  • Private restrooms
    • 8 for men, 8 for women
  • Private showers
    • 4 for men, 4 for women

General Store

  • 3,600 sq. Ft. 
  • Camping necessities
  • Bait
  • Clothing / souvenirs
  • Beverages
  • Ice
  • Snacks
  • Food: Pizza, burgers, mac n cheese bites, etc.

~100 Tillable Acres

Approximately 100 tillable acres

  • 70 acres on Northwest side of the property
  • 30 acres on Southeast side of the property

Utilities

  • Public water – Adams County Rural Water
  • Electric – Adams Rural Electric Company
  • Cable / internet – Dish Network / Direct TV
  • Phone – Frontier
  • Trash – Rumpke
  • Propane –Arrick’s
  • Private sewer – replaced in 2007
    • $300,000 SCAT sewer system that was constructed to handle campsite growth and expansion
    • Pumpout station available

Houses – Outbuildings – Structures

Structures & Outbuildings

  • Pole Barn 1 – 5,000 SF
  • Pole Barn 2 – 2,100 SF
  • Guard House – 100 SF
  • Lake Pavilion – 3,000SF
  • Playground Pavilion – 3,500 SF
  • Cabin 1 – 1,500 SF
  • Cabin 2 – 500 SF
  • Bathhouse – 150 SF
  • Storage Building – 600 SF
  • Lumber Mill Building – 1,000 SF
  • General Store – 3,600 SF

Homes

Single-Family Home #1

  • 3 bed / 2.5 bath
  • 2,654 sq. ft. above grade
  • Full basement – 1,222 sq. ft.
  • Propane whole house backup generator

Single-Family Home #2

  • 3 bed / 4 bath
  • 1,824 sq. ft. above grade
  • Finished, walk-out basement – 1,824 sq. ft.
  • Propane whole house backup generator

Financials & Sale Comps