Nevada Treasure RV Resort

Property Description:

Absolutely stunning 5* RV resort just an hour from Las Vegas with countless amenities, city services, and seller financing
availability just brought to the market by Park Brokerage Inc. Nevada Treasure features paved roads, large sites some of which
have built in cabanas and barbecues, putting green, dog run, professional landscaping, water features, two story pool and spa
area, professional bowling alley, full bar/restaurant, gaming, largest convention center in Pahrump, and state of the art spa
and fitness center. The park was built immaculately in the early 2000’s with all ABS water lines, 50amp conduit electric, and
amenities that rival any park in the Southwest. All 204 sites are full hookup and the tenancy is mostly snowbird however there
are around 50 full-time residents who stay at the park all year creating decent off-season revenue. Each site is paved with
pads and many feature small cabanas and built in gas barbecues. Most feature shaded landscaping to create privacy. The park
was originally built to sell individual lots and 6 original owners remain who pay $220 per month in association dues while the
rest of the sites are rented. The pool area is immense with two pools and spas over a two story waterfall. Next to the pool
area is the state of the art fitness center with modern exercise equipment and spa, steam rooms, saunas, and locker rooms for
each gender. Other amenities include a 6 lane AMF bowling alley and 14,000sf convention center which is rented for outside
events and used as an amenity for RV guests. There is also a small gaming room with slot machines which is managed by a 3rd
party company. The property currently has 21 employees half of which are associated with the restaurant which is losing
money per seller’s accounting. Broker advises some sort of business model change with regards to bar and restaurant to
break even or become profitable. See page 8 for breakdown of employee costs, none of the employees live on-site so all are
compensated via payroll not rental credits. Broker recommends exchanging some of the housekeeping and management
costs in exchange for rent and utilities. Park also has a duplex perfect for management team living. Nevada Treasure is about
80% 55+ with the occasional younger traveler but the majority of the income come from long-term tenants. Seller will finance
the property and be negotiable on terms with quality operator.