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Thunderbird Lodge on Rainy Lake on the edge of Voyageurs National Park

International Falls, MN
1200' of waterfront
1200' of waterfront
Asking Price:$3,650,000
Established Year:1937
Listing ID: 2216376Listing provided by BizBuySell
BUSINESS DESCRIPTION

Year Round Well Established Resort, Bar, Restaurant and Marina

PRICE REDUCED!!!Thunderbird Lodge, the only full service year round resort on either side of Rainy Lake is now for sale! A loyal staff with fantastic long term employees makes this business very inviting! Sitting on 69 acres with approximately 1200' of waterfront and with newly added municipal sewer this iconic business is primed for expansion by adding more cabins, RV/Campsites and more! Currently the 15 deluxe lodgerooms,10 cabins and a rental house will sleep 125 guests. The welcoming lakeside bar seats 60(add 40 with the summer deck) while the dining room will accommodate 70 and the private banquet room 130. There are 100 boat slips and plenty of room to add more! Rental boats, snowmobiles are available if you don't have your own to explore this amazing wilderness! Boat, island hop, tube, waterski and explore the entire 220,000 acre Rainy Lake and water based Voyageurs National Park! In addition to spectacular year round multi-species fishing you may hunt whitetail deer, ruffed grouse, ducks and more! In the winter you may explore the thousands of miles of well kempt snowmobile trails, snowshoe, cross-country ski, icefish and always keep your eyes open for stunning northern lights displays! Be sure to view the virtual tour and check out the Thunderbird Lodge web site! Remember that this is the largest commercial footprint on the lake by a factor of seven!

ATTACHED DOCUMENTS
May Sale Brochure Tbird.pdf.pdf Download
DETAILED INFORMATION
Location
International Falls, MN
Inventory
Not Included in asking price
Real Estate
Owned
Employees
30
Facilities
69 acres of commercial property on Rainy Lake is the largest commercial footprint on the lake!
Competition
Business is growing every year. This is the only resort on Rainy Lake that is open year round. It is the only resort that has substantial potential to expand into RV/Camping in a meaningful way. Current revenue streams are cabin rentals/ lodging, bar, dining room, banquet room, rental boats/pontoon, gift store, gas, renting boat slips to island cabin owners and locals. There is room to add more docking for renting boat slips. Now with the recent addition of municipal sewer RV sites will be a natural addition to the future owners.
Growth & Expansion
Pros: With 69 commercial acres and the addition of municipal sewer this resort has multiple expansion possibilities. There are not many resorts on Rainy Lake and the next closest in terms of land size is only about 9 acres. Cons: Really can't think of any.
Financing
Financials can be obtained with a signed NDA and a bank approval letter.
Support & Training
That can certainly be worked out with current owners.
Reason for Selling
3 sets of partners are ready to move on. Motivated sellers.
BUSINESS LOCATION
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LeeAnne Woods
Phone Number
LeeAnne Woods
Call Phone