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Asking Price$1,185,000
| Revenue | $617,000 |
Established | 1935 |
| Cash Flow | $185,000 |
Employees | 4 full, 2 part |
| FF&E | $302,000* |
Franchise | No |
| Inventory | $15,000 |
Relocatable | No |
| Real Estate | $850,000* |
Home-based | No |
* Included in Asking Price
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Get out of your office - life is too short and precious not to act now…..
Lake of the Woods is the premiere lake of Minnesota, Wheelers Point Resort and Lodge is the premiere location on Lake of the Woods (check most any atlas). Located where the famous Rainy River enters the legendary Lake of the Woods, Wheelers Point Resort and Lodge has everything you could possibly wish in a life style change: fishing walleye, sauger, smallmouth, northern pike, sturgeon and more, or hunting deer, bear, ducks, geese, grouse and more, or boating, golf, skiing, snowmobiling and more.
Current owners will provide all necessary training. All staff willing to stay.
Your income centers are as follows and each has room for growth and expansion:
• Cabin rentals, all winterized (10 cabins, 8 standard and 2 deluxe) • RV Park with shower house, mostly seasonal campers • Marina with gas, bait, dock slip rentals and boat and motor rentals • Summer charter fishing (2 charter boats) • Brand new ViewPoint Saloon & Grill with large waterfront deck • Fall Hunting 80 Acres complete with comfortable heated deer stands • Newly remodeled commercial kitchen and dining room • Winter Ice Fishing with Bombardier and FloatVan, and early ice rigs • Winter Lake of the Woods Sleepers fish houses and plow trucks
This property includes spacious owners/managers living quarters with waterfront view and large balcony. Also a modern newly remodeled lodge and business offices with computerized reservation and income accounting. This property is a truly turn key operation with plenty of storage buildings, equipment and tools too numerous to mention.
Website: www.WheelersPoint.com Video: www.youtube.com/watch?v=oL0v5H6lD2U or: www.youtube.com/watch?v=2Lbyt--rGU0 for a winter view!
| Facilities: | 10 cabins, 10 RV sites, marina with gas, bait house, boat house 18 dock slips, charter boats, rental fishing and pontoon boats, 80 acres of excellent deer hunting land with elevated heated stands, fish houses, plow trucks, track vehicles, lodge with saloon & grill, offices, and large owners living quarters. Everything, and more that you could possibly require to run this resort is included. |
| Competition: | Lake of the Woods is the premier destination for walleye throughout the mid-west. We have the premier resort location on Lake of the Woods. There are several resorts in the area which is beneficial, and we all work well together. |
| Growth Potential: | We are profitable and the resort will cash flow and we are at about 40% occupancy levels. We have never done sport or trade shows, sought corporate or bus trips, or tried referral incentive programs. New blood and promotion will be rewarded very well in all areas: Cabins, campground, charter fishing, marina, saloon & grill. |
| Training/Support: | 60 days as needed. Staff runs most everything and is willing to stay with new ownership. |
| Seller Financing: | Some seller financing possible |
| Sale Reason: | Retiring after 15 years, we purchased for a better lifestyle/ schools. The kids have graduated. |
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