Minnesota Resort For Sale

Minnesota Resort For Sale

Contact Info:  Robert & Susan Ugstad – Email: balsambayresort@gmail.com

Website: www.balsambayresort.com

Main Location: 6231 72nd St. NE. Remer, MN 56672

Asking Price: $669,000 USD

Original Listing

Photos of the Resort

Building Details:

Resort consists of six lakeside (two & three bedroom) cabins, a Park Model trailer/ 16 full hook-up RV sites and 4 dependent sites. There’s a gameroom, showerhouse with his & hers facilities and coin-op laundry, and in-ground heated pool. Resort is well maintained; cabins are modest but modern. Most have A/C. Wifi throughout and satellite TV. Several docks.

Land Details:

27.35 acre property with the cabins and campground utilizing about half. About 300′ of the 1100′ of lake frontage is usable for dock space, etc., the rest is undeveloped or wetland. Resort is accessed from a paved County road.

Chattels Included in Sale:

Extensive inventory of boats, motors, two pontoons, five kayaks, three paddle boats, canoe, bicycles, and all cabin furnishings. ATV with attachment for moving boats and docks. Riding and push mowers, air compressors, miscellaneous tools and equipment necessary to run the resort.

Why the Business is an Attractive Investment:

Resort shows strong positive cash flow and good repeat business. There is great expansion opportunity in the off shore acreage available. With the many area lakes and the SOO Line Recreational Trail nearby there is a great demand for lodging and camping. Located only 2 miles from town where there is shopping, dining and other services. New school, fire hall, and ambulance buildings show a healthy economic community. Good fishing lake and the pool is a big draw to the resort.

Guest Profile:

Balsam Bay Resort attracts families looking for clean and affordable accommodations. Our clientele want what a small resort can offer, i.e, personal service not always found in larger establishments. Our guests are looking for a simpler, family oriented vacation but also appreciate the modern amenities offered and the variety of activities for children.

Required Buyer Qualifications:

A bank letter of pre-qualification or proof of funds for down payment and credit worthiness is required for access to financial documents.

Transition of Business Ownership:

We will train and assist in a spring start-up and fall shut-down of the water system and pool facility, and will be available by phone for questions for up to a year. We will also assist in the pool maintenance until the new owner receives state certification that is required.

Staffing:

Last season we had 5 part-time employees for cleaning, yard work, etc.

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