Gruben's Marina & Village

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MN Lake Vermilion: 8 Acr Turn Key Marina & Village Resort
Asking Price:
$1,550,000

Gross Revenue:
$410,000
Cash Flow:
 Not Disclosed
EBITDA:
$40,000
Inventory:
$15,000
not included in asking price

FF&E:
$300,000
included in asking price

Real Estate:
$1,400,000
included in asking price

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Business Description

Great Famly Biz Location! Established (1930s) Marina. Includes; Real Estate; 8 ACRES on 1100+ Ft. of protected shore; Docks, Slips, C-store, Off-Sale Bottle, Bait, Fuel, Boat Repair & yr'round storage. + 5 Cabin Village; updated, clean, spacious & many amenities in the heart of the BEST lake In the state of over ten thousand. PLUS, 2000+ Sq Ft bonus building begs to be (for Sale or Rent) fast-casual, dine-in & take-out food and beverage concept. Addt'l land avail. for more parking, wooded cabin or your ideas. Family compound. Prime location for Fast Casual Food concept and a building ready.

On the shores of beautiful 40,000 acre 365 islands; Lake Vermilion "lake of the red sunsets".

Multiple PID (extra parcel is detached.

About the Business

Year Established:
1938
Number of Employees:
4
Real Estate:
Owned
Building Sq. Ft.:
9,000
Facilities:
9000 Sq Ft of
5 year-round House/Cabins (see on VRBO)
Bottle shop
C-Store
Gas service
Slips/Docks (open and covered)
Boat Repair shop
Bait shop
2 Boat Storage buildings
2000 SF Commercial building (opportunity for Food & Beverage)
Protected bay (great for sailboats/pontoons
Website:
grubens.com/
Market Outlook/
Competition:
Best location on 40,000 Acre lake w/ 365 islands, known for its walleye and muskie fishing. near the Superior National Forest and the Boundary Waters Canoe Area Wilderness (BWCAW).
Growth & Expansion:
Food & Beverage Service Grub n' Pub Business would make this resort complete.
Opportunity to sell fast serve food to take on the lake to go with Existing Bottle shop and C-store.

Offers to purchase Business only will be considered as well.
Real Estate only value is estimated at $1.1M.
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About the Sale

Reason For Selling:
Business needed updating. Current owners invested time & $. Mission accomplished
Training/Support:
Current management is willing and hopeful to provide training for new owners.
Knowledgeable staff and mechanic.
Seller Financing:
Plan & Credit

Listing Info

ID:
1379020
Ad Detail Views:
4148

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Business Listed by

Ed Hanlon

Edina Realty

 Show Phone Number

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U.S. Census Data for St. Louis County, MN
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for St. Louis County, MN
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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