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Resort, location location location

Ray, MN (Koochiching County)

Resort, location location location
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Asking Price: Get Financing: $2,600,000

Cash Flow: $210,820

Gross Revenue: $550,000

EBITDA: $210,820

FF&E: $275,000

Inventory: $10,000*

Real Estate: $1,300,000

Established: 1950

*not included in asking price.

Resort, location location location

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Business Description

National Park Resort

Premiere location on peninsula surrounded by Voyageurs National Park Wilderness on a chain of wilderness lakes stretching 90 miles of border lake wilderness between Minnesota and Ontario. A near oligopoly of a business environment. Limited private land, limited number of operators and a growing awareness of Voyageurs National Park. Great highway access and a nearby commercial airport in International Falls, Minnesota

Detailed Information

Not included in asking price
Real Estate:
Included in asking price
Building SF:
10 with owners
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Resort located on a dead end road onto a 13 acre peninsula with over 1,500' of very valuable shoreline. 3,600 squ. ft. lodge with food and liquor, 12 cabins all fronting the water plus staff housing and storage. Located in Voyageurs National Park on a chain of lakes on the Minnesota / Ontario, Canada border. Voyageurs National Park is only "water access". Tourist enjoy and visit the park via water, ( boat, kayak, canoe). Park occupies 218,000 acres of land stretching across 90 miles of water. There are only 4 entrances to the Park with a limited amount of private land. No land exists for new lodging operations. All lodging is in area resorts or houseboats. Long time retiring owners selling "turn key" and very well equipped. Resort operates year round, with snowmobiling and fishing in the winter. Breath taking scenery everywhere
This is one of the area leaders and has it all, food, liquor, great cabins and good boats and motors. There is likely room for more rentals and surely room for higher rates
Growth & Expansion:
A new $250,000 sewer system built 2 years ago may have expansion potential for more rentals.
Bank financing available
Support & Training:
Retiring owners will stay on for 24/7 training for a couple weeks then be available as consultants for 12 months. They plan to stay in the area.
Reason for Selling:
age, retiring
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Tom Ossell

Business Listed By:
Tom Ossell

Orion Resort Sales

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