Year Round Resort on Lake Winnibigoshish
Listing #SF 55
This resort business has a great positive cash flow mainly due to the many profit centers which gives it strength and diversification. This resort has 11 cabins and they are all winterized. They have 15 full hookup camp sites, bar, restaurant, gift shop, gas, bait, 7 top of the line ice fishing houses and a dealership privilege to sell “The Lodge” ice house, new or used. A full line of equipment rounds out this resort business that sits on 12 acres and 1,000 feet of shoreline. Drive through some of the most beautiful tall pines in Minnesota as an entrance into this gem.
LOCATION: This piece of property sits on the North East side of Lake Winnibigoshish, one of the best fisheries in the State of Minnesota. It is in the Deer River School District and in the heart of the Chippewa National Forest. This is truly a sportsman’s and family oriented paradise with great summer and winter fishing, hunting, snowmobiling, hiking, bird watching and biking.
GROUNDS/BUILDINGS: The grounds have large mature pines and some hardwood trees to give it that up-north feeling that it is. With 12 acres and some left to develop, a new owner could build a pool, family reunion building or maybe some additional cabins.
The existing cabins are all housekeeping with most of them being upgraded within the past few years. Some of them are the original 12 inch to 16 inch diameter log, log cabins. The lodge and the last two cabins will be redone in 2008. There is also a 50 x 60 foot heated shop. Septic systems and the wells will be certified and all health department, fire inspections and any other standard operational reports will be available for inspection.
EQUIPMENT: There is an extensive list of equipment that will go with the business including, 6 boats, 1 pontoon, 5 boat motors, mini excavator, 7 ice houses, 824 feet of docks, 11 boat lifts, bar and restaurant equipment, 6 mountain bikes, and two plow trucks and a CJ5 Jeep with a plow.
OWNERS HOME: Some of the owner’s home is above the lodge with a living area and 4 bedrooms, 2 Bathrooms and then has a full kitchen with some living quarters on the main floor. If a new owner wanted to build a new home the existing quarters could be rented out very easily.
TERMS: The owners of this business, after many years of ownership and a new child, have decided to offer their assets for sale at $1,394,000 cash. Knowing the real estate market is soft right now, they have priced this business to sell. The new owner should be able to make a good profit with 20% down and the current bank rates as low as they are right now. For further information and full financials, serious and qualified buyers only, can contact Steve Frank at (218) 732-1771 or thefranks@unitelc.com.
Cabin 1 - Side View
The Lodge
Lodges Social Area
Gift Store
Bar Area
Seasonal Sites
