Cascade Lodge On Lake Superior (SOLD)
Location: North Shore, Lake Superior
The North Shore of Lake Superior is always a dependable and strong leader in Minnesota Tourism. Since the first tourists arrived in 1855, Minnesota’s legacy of hospitality in the Northwoods continues to be legendary on the shores of this Great Lake.
Stunning lake views from the guest rooms and restaurant have satisfied customers for over 90 years. Open for all 4 seasons, this Restaurant and Resort business is in the center of all the activities that are popular with vacationing families and friends.
This operation has an excellent history and is under the scrutiny and guidance of the current owners who have implemented key programs for cash flow growth, maintenance, and marketing. These key programs are documented and in place. New owner training program is included upon purchase.
This is a full time Resort business with full time activities. It is poised to capture the current growing tourism market for this region of the State. Check out the numbers with Cook County Tourist Department, Duluth Tourism Bureau, or Explore Minnesota.
There have been 4 successful owners of this property with each of them leaving their own distinct marks on the property. This is a special offering in our industry with unique financing options.
Large capacity lodging with over 100 pillow count for overnight stays creates strong cash flows. Newly remodeled suites, first class cabins with a strong maintenance base ensures profits for years to come. This is a turnkey business for the new owners.
Tasty beverages served at this award winning restaurant! Full Bar facilities and Full Restaurant menu can satisfy your 100+ guest list. Excellent location captures the North Shore traffic that doesn’t ever stop. Filed IRS Schedule C’s show excellent profits but owner also states there is a tremendous growth opportunity if new owner wants to invest the time. The capacity for seating is 106 and the well maintained and updated Commercial Kitchen can handle expansion opportunity.
4 Seasons of strong cash flow, coupled with 2 separate business entities will require hard work and due diligence. The rewards will be present for the new owners of this well-established business. Again, this is turnkey complete with strong cash flow.
We saved the best for last!
The last item to discuss is the Owners home. Call me today so that I can send the information on this beautiful custom built 5 bedroom home with private financing available. This can be your luxury home or for the buyer wanting more income it is also zoned to join the rental pool as a luxury vacation home, your choice.
Enjoy added income or enjoy your new lifestyle in open beam, knotted pine luxury with one of the best views of Lake Superior.
Ready for a lifestyle change?
Purchase this true Classic Minnesota Resort property and wake up in the morning and walk to work, it is that simple. Welcome to the North Shore! Welcome Home.