Iconic Resort in Northern Minnesota, Business a...

North, MN


Asking Price: Annual Revenue:
$1,500,000 $1,477,278

Services: Hotel, Motel, Lodging


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RE: Iconic Resort in Northern Minnesota, Business a... Broker: Jeff Mills
Owner Financing is Available!

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $1,477,278
Net Profit: Not Disclosed
Cash Flow: $658,402
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1954
Employees: 6
BBN Listing #: 411562840
Broker Reference #: MINNEMN003-N2376

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Business Overview:

Once in a lifetime opportunity for a new owner to enjoy the resort lifestyle on one of the most famous and sought-after resorts in Northern Minnesota. This resort and marina offers cabins, campsites, guided launch service, fishing, boating, seasonal docks, boat and motor rental, bait shop, and bar and grill! Business has $658k SDE in 2020 Business price is $1,500,000 and real estate purchase price is $8,500,000. Business and Real Estate must be purchased together. SBA Financing is available with $6M down payment.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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