1st Class Resort in Alexandria MN

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Asking Price:
$3,790,000

Gross Revenue:
$651,566
Cash Flow:
$334,461
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

SUMMARY

The Historic Geneva Beach Resort, est. 1883, is one of the finest resorts in the Alexandria area. Located on Lake Geneva and the famous Alexandria Chain of Lakes, it caters to families and fishing enthusiasts. Alexandria is located on I-94 and is only a few hours from the Minneapolis or Fargo areas.

Lake Geneva connects to Lake LeHommeDieu, Lake Carlos, Lake Darling and Lake Victoria to form a chain of lakes offering plenty of boating and fishing opportunities. The lakes are connected by channels, and guests can boat to 3 restaurants, and Carlos State Park. The lakes feature bass, pan fish, walleye and northern. The lakes are noted for the quality and variety of fishing opportunities, and the DNR and area sports clubs have stocked them well. The resort has 3 Lund Fishing Boats with 15 hp 4 stroke motors for rent, and Jet Ski and pontoon rentals/delivery are available through area businesses. There is plenty of dock space (460 ft.) for guests to rent boat slips. Boat lifts are not necessary. The fish cleaning house has running water and electricity and is close to the docks. Guests use the DNR boat landing on the north side of the lake.

Geneva Beach has a large sandy beach, a great swimming area, a water playground with a Whoosh, two Rave Aqua Jumps with connecting sidewalk and Aqualog, and a large selection of complimentary paddleboards, paddleboats, kayaks and lifejackets. Kids can fish off the dock. Parents appreciate the wide open plush grounds that provide a safe, carefree environment, and feature two Rainbow play systems, shuffleboard, volleyball, Frisbee golf, bocce ball, basketball, and 4 campfires with free wood.

The resort is located directly on the Central Lakes Trail (D.A.T.A. Trail). There are five golf courses, many specialty and antique shops, an amusement park, museums, live theatre, and great dining all within a five minute drive. The 27 hole Geneva Golf Course is only minutes up the beach.
All 17 cabins/vacation homes are ultra-clean and modern, and include A/C, wireless internet, & cable TV. There are TVs in all living rooms and numerous bedrooms. All cabins have been continuously updated with tasteful flooring, fixtures, furniture, décor, and bedding. Linens are commercially owned and cleaned. The kitchens are well stocked with matching dinnerware.

There is a small store/office for ice, t-shirts, gifts, etc., and a game room with vintage video games, candy, soda, pool table, TV, board games, coin operated laundry, rest room, and security camera.
All marketing is up to date and includes Facebook, Google, Instagram, Twitter, Trip Advisor, VRBO.com (Sugarbush Lodge), ExploreMinnesota.com, MinnesotaResorts.com, Minnesota-Resorts.com., ExploreAlex.com, VacationAlexandriaMN.com, and a strong presence in the local Alexandria Vacation Guide. The GenevaBeachResort.com, SugarbushLodge.com, and ATCChousing.com websites are continually updated and are mobile friendly.

The resort includes an owner’s residence just down the street from the resort. Totally renovated in 2006, it is 2,200 sq. ft., and features 3 bedrooms, 3 baths, an open concept kitchen and living room, large home office, laundry room, and additional family room. The view from the deck features Lake Geneva.

The resort is located in the city of Alexandria and features city water and city sewer. Internet and Cable TV are provided by Spectrum and Gardonville.

The resort remains open in the winter by renting 16 cabins to students who attend Alexandria Technical and Community College (ATCC). The students move in at the end of August and move out in mid-May. They sign a school year lease. This is a long standing tradition and the resort has a good reputation at the college. Approximately 26 students live at the resort, one per bedroom, and we offer cleaning every 6 weeks.

The Sugarbush Lodge is also open year round, and is typically res

About the Business

Location:
Alexandria, Minnesota
Real Estate:
Owned
Facilities:
All 17 cabins/vacation homes are ultra-clean and modern, and include A/C, wireless internet, & cable TV. There are TVs in all living rooms and numerous bedrooms. All cabins have been continuously updated with tasteful flooring, fixtures, furniture, décor, and bedding. Linens are commercially owned and cleaned. The kitchens are well stocked with matching dinnerware.
Website:
www.genevabeachresort.com
Market Outlook/
Competition:
The resort is located just outside Alexandria MN offering a solid tourism base for the summer months. Winter business is driven buy the local college students offering a stable income the winter.
Growth & Expansion:
Additional Land is included to add more rental units.
Very nice Owners home is included in sale.
Contact the Seller

About the Sale

Reason For Selling:
Owners would like to retire after
Training/Support:
Owners are willing to help with the transition and be available for consultation after the sale.

Listing Info

ID:
1486668
Ad Detail Views:
1096

Attached Files Attachment Disclaimer

  Geneva Beach Fact Sheet (1 MB)
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Business Listed by

Dan Berg

Orion Resort Sales
License# 40528541

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Sponsoring Broker:

Tom Ossell
Orion Resort Sales


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