Business To Buy

Lakeside Lodge in Pinedale, WY

Pinedale, Wyoming
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 1930s. 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

Price: $2,500,000
Gross Income: $1,180,500
Cash Flow: $320,500
FFE: $1,575,000
Inventory: $0
Real Estate Value: $0

About the Business

Office Reference ID: #13125
Year Established: 0
Financing: some seller financing is negotiable for a qualified buyer
Training:
Facilities: 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 1930s. Room rates vary by season from $75 to $125 in the off season and up to $219 in July thru September.
Competition:
Growth:
Business Listed By
Name: Coldwell Banker Mergers & Acquisitions
Company: Coldwell Banker Mergers & Acquisitions
Phone: 801-947-8327

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