Business for Sale Overview:
Shel Rays’ Lakehouse provides the perfect combination of a revenue-generating vacation rental house and the tranquility of a private family home. This fully furnished 3,000 square foot, 5 bedroom, 2.5 bath, 2-story home is nestled nicely on a one acre level lot with 75 feet of waterfront footage on the Fox River with an easy boat ride to Lake Puckaway. The moment you set foot on the property, it calls on you to enjoy the beautiful scenery, an abundance of water-loving birds, outstanding fishing and breathtaking sunsets.
Shel Ray’s Lakehouse provides a great opportunity for the right person looking to acquire beautiful waterfront property to personally enjoy; while the business element pays the debt service and property taxes. For example, the annual mortgage payments of a $200,000 mortgage and the annual property taxes can be paid with only 15 weeks of rent, leaving the owner plenty of time to enjoy his/her “paid for” vacation or retirement home!
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Home is a two-story and has a gross living area of 2,961 +/- square feet, being sold fully furnished (see inventory list). There are five Bedrooms and 2.5 baths with two living rooms, a game room and a full kitchen. The detached vehicle garage is huge – 27 feet x 37 feet – with ample room for the storage of snowmobiles, ATV’s, trailers, boats, etc. It is insulated and finished with drywall and heated for year round use. New overhead garage doors and openers were installed in 2005.
The lot is approximately one acre with dimensions of 128 feet x 370 feet x 75 feet x 388feet.
Market Competition and Expansion:
: Current owners charge $1,395 per week or $250 per night with a 3-night minimum stay required. Average annual gross revenues are in the $13,000 range. Revenues are generated from summer rentals only. Marketing and advertising to other seasonal venues should increase sales significantly.
Summer – Water sports, fishing, golf, antique shopping, bird watching.
Autumn – Hunting, hiking, sightseeing, fishing, golf.
Winter – Snowmobiling, cross-country skiing, snowshoeing, ice-fishing.
Spring – Fishing, hiking, antique shopping, golf.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.