Asking Price: $3,495,000 Gross Revenue: $396,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $12,000 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: $1,000,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This property consists of two resorts merged together. 20 modern, housekeeping cabins from 1-4 bedroom in size. There are 34 RV sites (32 occupied) with full hook-ups and shower house. The lodge has beer, liquor set-ups,pool table, etc. with attached 2 bedroom owners quarters with resort laundry and storage area. There are 2 garages, fish cleaning house, and income-producing boat storage. All on 10 acres with just under 1,100 feet of shoreline. 3 cabins are available for year around use. The resort features one of the few sand beaches on Kabetogama and a natural protected harbor.
About the Business
Number of Employees:
This property consists of two resorts merged together. 20 modern, housekeeping cabins from 1-4 bedroom in size. There are 34 RV sites (32 occupied) with full hook-ups and shower house. The lodge has beer, liquor set-ups, pool table, etc. with attached 2 bedroom owners quarters with resort laundry and storage area. There are 2 garages, fish cleaning house, and income-producing boat storage. All on 10 acres with just under ?1,100 feet of shoreline.
This property is located along the southern shore of Lake Kabetogama, one of the top walleye lakes in Minnesota. Situated along the U.S. – Canadian border, Kabetogama has a 500-mile long rocky shoreline, 25,000 acres of clean, cool water and is one of four major lakes that make up Voyageurs National Park. Established in 1975, Minnesota's only national park commemorates a key stretch of waterway canoed by 18th century French-Canadian Voyageurs who transported goods and furs along the international border lakes. Access miles of lakes in the summer and fall or travel by snowmobile, snowshoe or cross-country ski in the winter.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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