RSG Current Listing

#0010153
CURRENT LISTINGS
SALES AGENTS
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Upscale Modern Resort In The Bush
 

 

Owners Home

Garage
 
 
LOCATION: Only 40 minutes from Grand Rapids, MN and 50 minutes from Bemidji, MN on a popular chain of lakes. This resort is located in great hunting and fishing country plus close enough for guests to enjoy golfing, dining, shopping, movies and much more. Located on approx. +/- 17.5 acres and +/- 900' of shoreline it is a deeded land parcel away from roads and has a private wooded setting to enjoy.

AMBIENCE: The resort has log and earth tone buildings, large sand beach, and lots of large trees. The cabins are spaced far apart for the guests to have privacy. Landscaped and well maintained grounds with a lot of lawn and flowers.

BUILDINGS AND EQUIPMENT: Most of the buildings are newer. 14 cabins with 12 winterized, an upscale 4 bedroom, 3 bath home overlooking the water, 30X60 Morton building/garage 2 large heated fish cleaning houses, lots of playground equipment, newer boats and motors and lawn equipment, expansion room , great lodge with everything from cold drinks, hot food, ice cream, gift shop, groceries, bait and ice.. Open year round for fall hunting and winter business. All equipment necessary to operate the business is being sold with the business and all of it warranted to work at closing.

FINANCIAL: The business continues to increase in cash flow and a strong return guest program exists. The sale price is based on a .09 Capp Rate . The sale price is $3.25 million. This business is largely booked for the 2013 season and with its history of income it should be easy to finance. The result of a recent appraisal shows that the replacement value on this resort is over $3.7 million, but its being sold on its ability to pay off the mortgage and leave something for the owners to live on. The lenders usually require 20% cash down payment and the bank interest rates are now lower than years past.

Call Norm at 1-218-854-7500 or email him Norm@minnesotaresortsales.com to talk about an evaluation on this property. The evaluation agreement allows a buyer to take this property off the sales market for 30 days to review all the exhibits that explain all aspects of the business.

 
 

 

#0010153

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 Cole
norm@minnesotaresortsales.com

CURRENT LISTINGSSALES AGENTS | CONTACT RSG INC.HOME
Resort Sales Group, Inc.
18338 Co. Rd #9, Bemidji, Minnesota 56601
Office: 1-218-854-7500 Cellular: 320-630-9391
Fax: 1-218-854-7530 e-mail;
norm@minnesotaresortsales.com
©Resort Sales Group, Inc.