Year-Round Resort & Supper Club MNRS #196060

This is a year-round business that offers lodging, seasonal R.V. sites, on and off sale liquor, food with dining to accommodate 200 seating plus dance floor, winter fish house contracts for approximately 300 private guests, and 4 motel units.

The 7,352 square foot main lodge offers a bar area, commercial cooking kitchen, dining room, dance floor, wood burning fireplace, enclosed patio dining room, and a full liquor bar. It also has a full 7,353 square foot basement primarily for storage. There is a year-round four unit motel with no cooking facility that is approximately 960 square feet and has 3/4 baths. There is also a 3/4 bath seasonal cottage at the water's edge (360 sq. ft.) and a bunk and shower house (576 sq. ft.) located near the seasonal R. V. Park.

The owner's living quarters are attached to the main lodge and have 4 bedrooms and one 3/4 bath. There is no cooking facility in the home, and the owners use the main lodge kitchen for personal use. There is a tuck under 3 stall garage and workshop under the main living quarters. Other buildings on the property include a 1,260 foot garage (out-building) 720 square foot garage (out-building) and a 5,184 square foot pole shed used for storage.

In addition to all this, there is a second home on the property. This home is a two bedroom ranch style with a one car attached garage. It has a full basement, full bath with tub and shower. There are asphalt walks and parking (4,610 sq. ft.) with approximately 683 ft. of lakeshore frontage. On the lake are two private boat harbor's that house approximately 80 boat slips.

This property is situated on approximately 16 acres of land with highway frontage. There are 30 winter fish houses owned by the resort, with private drinking wells and private septic system.

This resort business appears to be ideal for a two family partnership. The present owners for the past 21 years are retiring. The average gross income for the past four years was $295,982.50 (1994, 1995, 1996, & 1997).

Asking: $1,650,000.00 equipped (selling price based on February 26, 1998 independent appraisal report) all cost of goods are above the selling price, cash at closing 1997 real estate taxes were $6,369.00 (commercial rate)
Terms: After $500,000.00 down sellers will finance the balance on a contract for deed, fixed rate of interest, semi-annual payments, 20 years term.

Profit and loss statements, Resort Photographs, Resort Fixtures and Equipment Inventory upon request to qualified buyers

**Information Herein Deemed Reliable But Not Guaranteed.**
**Subject to Change at Any Time.**

For More Information Please Call Minnesota Resort Sales at 1-800-342-7420.

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