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Campground/resort with 85 slip Marina family owned for 33 yrs

Lindstrom, Minnesota (Chisago County)

Services - Hotels & Other Lodging | Services - Marine Repair, Parts and Services

$Seller Financing Available

Asking Price $2,899,900 Inventory $15,000** 
Gross Income $340,000 Real Estate $3,200,000* 
Cash Flow $180,000 Year Established 1970
FF&E $450,000* Employees 5 /3 are part t

* included in the asking price

** not included in the asking price

Campgroung with 69 cmpsites and 85 marina slips located o n South Center Lake. Includes 17 ac and a 4bd 4ba home that has a campground store conected for ease of operation.Owned and operated by the same family for over 33 years b ut health forces sale. Sevearl areas for expansion and seller will consider income producing proprty for a partial of the down payment, Business is very bankable and has good numbers and operates at full capacity always. Set up for ease of operation, all campsites are rented by the year they maintain the lots so it is a real rocking chair business, Open just 6 months per year , desire a sale by 10/15 so that we can show new owner howw to close up as we store several potoons from around the lake each year, several revenue sources and could be a lot more , turn key and priced to sell, great investment adjusted for market slowdown, interms of price, I have had offers over 3..2 selling for 2,899,000. terms to good buyer Rents proprated at closing. Best business in area no secrests call today you will be glad you did. We will alll miss this operation once it is sold, as you do not operate something for this long if you do not like what you are doiong, we have bought home in Key West and will move there in Oct . As soon as I can travel so hurry tuis ti a great oppurtuity. Home is move in condition call today.

Facilities: Family owned campground and resort 33yrs ownership by one family. 69 campsites and 85 marina slips, 17 ac on South Center Lake includes 4bd 4 ba home store, nice shop easy to own and operate a great place to raise a family. Operates at fulll capacity with waiting list to get in, just 45min from Metro area most teneats have been in place for 10+ years Great fishing lake turn key operation open from 4/15-10/15 could be expanded health forces sale hurry this is a great business.

Competition: Although there are other campgrounds in the area we hav by far the best run operation, Because we are only 45min from the metro area we stay full at all times with a waitig list of campers to get in. the lake we are on is conected to N ort centr and will soon be conected to 3 other lakes for 24 miles of navigable water,we will miss business once it is sold. as it is in very high demand. and always will be easy expansion into boat rental which we did have at one point that neted about 70k per year

Growth/Expansion: As before indicated boat and pontoon rental would be easy to add back in as would be winter snowmobiling as the trail runs right through the proerty. This would require the store to be open in the winter, we have chose to only run 6 months to allow us to go south for part of the year,but many oppurtunities for expansion do exisit. I also have 300 ac that are about 10 miles away that we were going to use for expansion for primitive camping and humting trips but is being sold sepratley at abbout 10K per acare

Seller Financing Available: Yes

Financing: Seller wil consider equity trade for a portion of down paymnent

Support/Training: We would help owner through 1 opening and 1closing this would and be available for help in between

Reason Selling: I was diognoised with cancer and I am on my 4t back surgery health forces sale

Business For Sale By

Bruce Fagan

651-257-3465

Coldwell Banker Lindstrom office

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