cypress creek cottages tlcg 8-25-2020-final€¦ · vacation rental operators. 14 multi-room...

The information herein has been secured from sources which we deem reliable. We have no reason to doubt its accuracy; however, broker does not warrant or guarantee

TurnKeyPropertyGroupLLC:CommercialDivisionCell:254-855-6430Office:512-661-6682

13785 N. Research Blvd Suite125 Austin, TX 78750

FOR SALE: Cypress Creek Cottages Wimberley, TX

PresentedBy:TravisJ.TurnerBroker/Owner




Cypress Creek Cottages Wimberley, TX

Property Information Location: 104 Scudder Ln, Wimberley, TX 78676 Area Overview Wimberley Texas is the very heart of the Texas Hill Country. The City of Wimberley is located in central Hays County, between Austin, San Marcos, and San Antonio. The Historic Town Center of Wimberley is situated at the junction of Cypress Creek and the Blanco River, roughly 1,000 feet above sea level on the Edwards Plateau. The City of Wimberley is a destination for leisure and event travelers. Shopping, dinning, swimming, zip-lining, hiking, concerts, art festivals, bird watching, and sightseeing are among the most popular reasons for overnight travelers coming to the area. The Lodging Market The 78676 zip code, which encompasses the City of Wimberley, consists of 400 rooms. Approximately 200 of those rooms sit within the City of Wimberley and its ETJ. The 78676 overall market consistently generates $6.5 million in overnight lodging revenues of which $4.2m (64%) is generated within the City of Wimberley and its ETJ. The City of Wimberley and ETJ do not have any brand name lodging operators. Instead, the market is served by a combination of multi-room and vacation rental operators. 14 Multi-room (defined as having 4 or more rooms) operators account for 80% of the $4.2m revenue generated. The Property Cypress Creek Cottages is a turnkey, full service, 12 cottage, vacation rental property conveniently located on just under 4 acres bordering Cypress Creek and approximately 0.75 miles from the Historic Wimberley Town Square where groceries, restaurants, bars, art galleries, and retail merchants are located. The operation is fully integrated, handling reservations through its direct booking website, and has trained staff handling onsite guest services, property management, and property maintenance. Pandemic and Recession Proof Opportunity 10+% Cap Rate At a time when pandemic, economic, social, and political unrest are of concern, where do you invest your money to get a relatively higher return with relatively lower risk? The answer is Cypress Creek Cottages in Wimberley Texas. This is a ready to go, socially distanced, turnkey lodging and vacation rental operation. Start making your return on day one. Here are the facts you need to know:

• Revenue has increased by 10% YOY during the pandemic and economic meltdown. • The business enjoys a 20% built-in repeat guest return rate. • More than 10,000 guests stay annually. • Rated 5 out of 5 Stars on TripAdvisor – the world’s largest travel review site.




• Voted top 10% accommodation in the US for value and service. • Recipient of 2020 Traveler’s Choice award. • Well established procedures and practices to attract, retain, and delight guests. • 68% Occupancy rate with room to grow. • 51% Return on Sales.

Potential Property Uses The potential uses for the property include:

• Continue to run the lodging operation, as is, and receive solid returns. • Add additional cottage(s) and increase returns. • Covert to long term rental or time share condos. • Redevelop the property as residential homes or apartments.

What’s Included in the Sale This is an asset sale. The assets in the sale include:

• Land and improvements • Furniture, Fixtures, and Equipment (FF&E) • Web site and domain name • Comprehensive Reservation Management System with history • Operations and Marketing procedures and practices • Guest history and active email list with over 8,000 plus names • Access to affiliate and partnership deals for Spa services, wine tasting, and more. • Contact list of current service providers • 10 hours of transition management training

Size: 3.745+/- acres Price: $3,429,000.00. 10+% Cap Rate based on Sales price. Terms: Property is sold “AS IS”. No visits or showings without prior approval from Owner and Broker. Owner requires NDA, Proof of Funds, and Letter of Purposal. Letter of purpose regarding financing method and outlining proposed purchase terms prior to releasing full property financials, scheduling visit, and meeting with prospective buyer(s).




Cypress Creek Cottages

Wimberley, TX PICTURES




Cypress Creek Cottages Wimberley, TX

Rates

Double Occupancy Nightly Rate structure is as follows:

Weekday Weekend/Holidays Cottages 1 - 5, 11 & 12 $139.00 $189.00 Cottages 6, 7, & 8 $149.00 $209.00 Cottages 9 & 10 $169.00 $259.00

Extra Adults $25.00 $25.00 Pets $15.00 $15.00

30 AMP: $40 Night 50 AMP $40 Night




Cypress Creek Cottages Wimberley, TX Overview Map




Cypress Creek Cottages

Wimberley, TX Survey




Survey- Cypress Creek Cottages




IMPORTANT Travis Turner, broker and Realtor, is the exclusive broker of this property. PLEASE KEEP THIS INFORMATION CONFIDENTIAL Employees, residents and others do not know the property is for sale. The information contained herein was compiled by Turn Key Property Group LLC, with the understanding that it is proprietary, and any reproduction or unauthorized use is expressly forbidden without the prior written consent of Turn Key Property Group LLC or Travis Turner. Do not go to the property without first calling Travis Turner. The property will be shown to QUALIFIED INDIVIDUALS ONLY. This information is provided with the understanding that all negotiations for the property shall be conducted through Travis Turner or I am a licensed Real Estate Agent in the State of Texas. Travis Turner Realtor, Broker and Owner of Turn Key Property Group LLC specializes in Campground, RV, Mobile Home, Marina, hotel/motel “cash-flowing” land sales, and extensive experience with facilitation and consulting for IRS Sec.1031 exchanges. On the next page, you will find an Information Disclosure Form regarding all real estate sales and agency relationships. We have a Listing Agreement with the Owner and represent the Owner. Please sign and return a copy of this form as well as the following IABS acknowledging receipt of this information.




Disclaimer: Information enclosed deemed reliable but guaranteed by neither owner nor listing broker. Buyer is responsible for own verification and due diligence at his or her own costs. Listing broker makes no claims of accuracy of enclosed information within this offering memorandum. X ___________________________ Date __________________________

cypress creek cottages tlcg 8-25-2020-final€¦ · vacation rental operators. 14 multi-room...

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