LOCATION
This unique resort is located 15 miles from Grand Rapids, Mn. It is situated on a large, crystal clear, deep lake and has perfect sandy beach in front of the cabins. Great fishing Like for walleye, panfish and northern pike. It is a family resort with large playground and lots of toys for children.

AMBIENCE
The buildings are all natural log color. The grounds are like a golf course. Lots of large trees sheltering the cabins from the sun and making them private.

BUILDINGS AND EQUIPMENT
There is a beautiful 4 bedroom log home, two large new shops, nine cabins and several of them are new. All the cabins have been remodeled and have new furniture and appliances.

The resort has two pontoons, several fishing boats and motors. All the building roofs are new and all cabins are log sided. There is nothing to buy and nothing to fix on this unique resort. All this sets on 23 wooded acres and several hundred feet of perfect sand beach.

FINANCIAL
This resort is ready to go for 2006 with almost 100% filled reservations. The gross income should exceed $200,000.00 in 2006 for the summer months. The cabins are winterized if a buyer want to keep the resort open for hunting and winter fishing for additional income. There are two building permits for 4 bedroom cabins to be built that will go with the sale of the business.

The resort should have a cap rate of around 9% if sold at $1.6 million. There are local lenders ready to finance after 20% cash downpayment. Sale price is $1.6 cash.

Call Norm at 1-218-854-7500 or email at: norm@minnesotaresortsales.com

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For More Information Contact

Norm Cole
18338 County Road 9
Bemidji, MN 56601
Tel: (218) 854-7500
Fax: (218) 854-7530
Cell: (320) 630-9391

Norm Cole
norm@minnesotaresortsales.com