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Lakeside Lodge For Sale
Location: United States -> Wyoming -> Pinedale
Industry: Hotels and Holiday Accommodation > Holiday Resorts




Business Summary

This full-service resort is located on the south shore of Fremont Lake in the Bridger-Teton National Forest. Fremont Lake is the second largest natural lake in Wyoming, and deepest glacially formed lake in the Green River Basin offering over eight square miles of recreation on one of the cleanest lakes in the United States. It is 4 miles north of Pinedale, Wyoming; 75 miles south of Jackson Hole and Teton National Park, Wyoming and 110 miles south of Yellowstone National Park.

The Lodge operations consist of 8 duplex cabins, 16 units, 40 boat slips, fueling station with 1000 gal tank and a full service restaurant and bar. There are no other commercial facilities on Fremont Lake. Lakeside Lodge operates on 19 acres under a Bridger-Teton National Forest special use permit renewable every 20 years. The lodge has been in continuous operation since the 1930's. Room rates vary by season from $75 to $125 in the off season and up to $219 in July thru September.

The restaurant in the main lodge has been leased to an outside operator at times - a new owner could take over the restaurant or lease it. It has seating for 65 guests on the main level and upstairs. In the summer months the deck seats an additional 30+ guests. The upstairs lounge is also used as a meeting room for private parties, weddings and small conferences. Lakeside Lodge has a full retail liquor license.

The Forest Service has approved several future expansions that will bring in additional income, including a total of 45 new lodging units, 35 additional boat slips, 1,200 square feet of restaurant expansion, the construction of a 1,500 square-foot outdoor pavilion/covered events center and a 2,100 square foot maintenance/utility building.

Lakeside Lodge is being offered for $2,500,000, which includes $1,575,000 of FF&E. Seller financing is negotiable for a qualified buyer.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $526,000
Cash Flow:   $236,300
Cash Flow Type:  EBITDA
Inventory:  $1,575,000
Seller Financing:  Yes

About The Business

Year Established:  1935
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Negotiable as needed
Reason For Selling:  Pursue other interests




Print Listing Id: 700240310
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Wyoming Businesses For Sale > Wyoming Franchises For Sale > Wyoming Business Brokers



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