Profitable Resort with Room for Upside
| Asking Price: | $3,000,000 |
| Gross Revenue: | $520,773 |
| Cash Flow: | $306,440 |
21 acres, 9 acres are bare
Coldwell Banker has been engaged to exclusively market The Pine Aire Resort; nestled on Lake Kabetogama, with direct access to Voyageurs National Park. This remarkable property boasts 21 fully furnished cabins, 34 RV sites, 30 docks, and a fleet of 11 boats, ensuring guests enjoy a comfortable and memorable stay. Spanning over 20 acres with 1,000 feet of shoreline, The Pine Aire Resort offers not only a lucrative turn-key business but also immense potential for expansion. With ample undeveloped land (~9 acres), opportunities abound to enhance services, add accommodations, and optimize the main lodge, making it an enticing prospect for investors and visionary entrepreneurs in the hospitality industry. 10.7% Cap Rate at full asking price.
($2.1M for the real estate and $900K for the business = $3M total).
We have two parties willing to interview to manage the property for a future buyer. One of the manager candidates would be willing to talk about a partnership including a sizable contribution towards the downpayment toward the purchase of the property.
BUSINESS LOCATION
