Lakeside Lodge in Pinedale, WY

Pinedale, WY (Sublette County)

Lakeside Lodge in Pinedale, WY
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Asking Price: $2,500,000

Cash Flow: $320,500

Gross Revenue: $1,180,500

EBITDA: N/A

FF&E: $1,175,000

Inventory: N/A

Established: 1930

Lakeside Lodge in Pinedale, WY

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Business Description

This full-service resort is located on the south shore of Fremont Lake in the Bridger-Teton National Forest. Fremont Lake is the second largest natural lake in Wyoming, and deepest glacially formed lake in the Green River Basin offering over eight square miles of recreation on one of the cleanest lakes in the United States. It is 4 miles north of Pinedale, Wyoming; 75 miles south of Jackson Hole and Teton National Park, Wyoming and 110 miles south of Yellowstone National Park.

The restaurant in the main lodge has been leased to an outside operator at times – a new owner could take over the restaurant or lease it. It has seating for 65 guests on the main level and upstairs. In the summer months the deck seats an additional 30+ guests. The upstairs lounge is also used as a meeting room for private parties, weddings and small conferences. Lakeside Lodge has a full retail liquor license.
The Forest Service has approved several future expansions that will bring in additional income, including a total of 45 new lodging units, 35 additional boat slips, 1,200 square feet of restaurant expansion, the construction of a 1,500 square-foot outdoor pavilion/covered events center and a 2,100 square foot maintenance/utility building.
Lakeside Lodge is being offered for $2,500,000, which includes $1,575,000 of FF&E. Seller financing is negotiable for a qualified buyer.

Detailed Information

Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Lodge operations consist of 8 duplex cabins, 16 units, 40 boat slips, fueling station with 1000 gal tank and a full service restaurant and bar. There are no other commercial facilities on Fremont Lake. Lakeside Lodge operates on 19 acres under a Bridger-Teton National Forest special use permit renewable every 20 years. The lodge has been in continuous operation since the 1930’s. Room rates vary by season from $75 to $125 in the off season and up to $219 in July thru September.
Financing:
some seller financing is negotiable for a qualified buyer
Support & Training:
negotiable as needed
Reason for Selling:
pursue other interests
Business Website:
http://www.lakesidelodge.com/
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Colliers International Mergers & Acquisitions

Business Listed By:
Elizabeth Bellit

Colliers International Mergers & Acquisitions

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