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*Price Drop* Hotel and Restaurant – Upper Peninsula

Michigan, USA
Updated 1 day ago

This Lodge, established in 2006, features 16 hotel rooms and a full-service restaurant and bar, offering guests and visitors a complete hospitality experience. The Lodge also hosts events for anywhere from 40 to 180 people. The Company enjoys a loyal and diverse customer base that evolves naturally with the seasons. Summer months draw local residents and regional visitors seeking waterfront recreation, dining, and relaxation. As the seasons transition into fall and winter, the property becomes a destination for a dedicated base of repeat customers who travel from across the Midwest to take advantage of the region’s world-class hunting, snowmobiling, and winter recreation. The Lodge spans 18,000 square feet on almost six acres of land. At this time, the owner is seeking to sell the Business in order to pursue retirement.

Financing Terms

Limited seller-financing is available for qualified buyers.

Number Of Employees

12

Investment Highlights

(1) Recreational Opportunities (2) Food & Lodging for Tourists

Real Estate Available

Real Estate available, included in the asking price.

Opportunities For Growth

(1) Add Additional Lodging (2) Increase Events

Reason for Selling

Retirement

Financials

Asking Price
$1.7M
RevenueMost Recent Year
$951K
Earnings (SDE)Last Reported
$173K
Assets Value
Undisclosed
Seller Financing
Not available

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