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80 Unit Lakefront Resort in the Heart of Traverse City

Traverse City, MI (Grand Traverse County)

Seller Financing Available
80 Unit Lakefront Resort in the Heart of Traverse City
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Asking Price: $16,000,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $30,000*

Real Estate: N/A

Established: 2000

*not included in asking price.

80 Unit Lakefront Resort in the Heart of Traverse City

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Business Description

Join Traverse City’s booming tourism industry with this lakefront resort. Praised by reviewers as having a professional and accommodating staff, great food, and a perfect event space, this resort makes the most of its location. 80 spacious units are divided into beachfront, courtside and park-facing rooms for guests to relax and refresh between trips to the onsite cocktail lounge or indoor pool and spa.

Detailed Information

Location:
Traverse City, MI
Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
53,213
Employees:
30
Facilities:
This gorgeous lakefront business includes 80 spacious units, a casual cocktail lounge, and 450 ft of beach. Everything guests want or need is just an elevator ride away. Romance is in the air with a breezy gazebo and wedding reception area just steps away from the calming waves. The resort also features a spacious meeting room that seats 35, a heated indoor pool and spa, guest laundry, and full menu room service. The guest room mix breaks down to 5 luxurious whirlpool suites, 2 romantic whirlpool rooms, and 3 family-friendly efficiency suites (which include a full-sized fridge and stove). With 44 beachfront, 24 courtside, and 12 park-facing rooms, every guest can find a view they love waking up to.
Competition:
Traverse City, known best as the four-season playground, draws in tourists with high-quality food, wine, and culture. It’s ranked as one of five top foodie towns in the US, and it’s one of three emerging beer towns. This resort is the perfect landing pad for guests to enjoy everything from the town’s annual week-long National Cherry Festival to hiking at Sleeping Bear Dunes. Guests staying at the resort can also sail, kayak, golf and scuba dive in the summer and ski, snowboard, and snowmobile in the winter. There’s no shortage of profitable events for a new owner to take advantage of with this resort.
Growth & Expansion:
The new owner has ample room for growth and expansion. The facility provides a fantastic space for family and business events. Traverse City’s tourism industry is a top contributor to the area economy and has generated an increase in spending and employment over the last decade. A new owner could advertise alongside Traverse City’s many tourism events, like the annual Traverse City Film Festival, to attract and delight tourists.
Financing:
Seller will consider some financing for a qualified buyer.
Support & Training:
Owner will provide training and support for a smooth transition. PLEASE BE ADVISED: PRIOR TO THE RELEASE OF ANY CONFIDENTIAL INFORMATION, THE SELLER REQUIRES ALL BUYERS TO DISCLOSE THEIR FINANCIAL QUALIFICATIONS THROUGH COMPLETION OF A CONFIDENTIAL BUYER QUESTIONNAIRE ALONG WITH A NON-DISCLOSURE AGREEMENT. SELLER’S APPROVAL OF SAME IS REQUIRED BEFORE CONFIDENTIAL INFORMATION IS RELEASED. PLEASE CONTACT OUR OFFICE FOR THE FORMS AT 800-636-7046
Reason for Selling:
Retirement
Business Website:
http://parkshoreresortforsale.com
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Contact the Seller

(from currently available funds)
 
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Ricky Kerns

Business Listed By:
Ricky Kerns

Midwest Business Brokers Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.


Sponsoring Broker:
Dan Replogle, CBI, CBC, CCIM, M&AMI

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