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Listing ID: 866616Listed on: October 30, 2016

Utah Mountain Resort For Sale

Summit, Utah, United States

$ 2,990,000


(Real Estate Included)

Revenue: $ 1m to 5m

Cash Flow: $ 250k to 500k

Business Description

Bear River Lodge is a unique mountain resort about 90 minutes from Park City, Utah on the north slope of the Uinta Mountains. 9.2 deeded acres bordering the 2 million-acre Wasatch-Cache National Forest, Bear River, and Mirror Lake Scenic Byway 150. This small mountain resort has incredible development potential. We have built 8 of the permitted 16 cabins. It is a mixed development with cabins sold as both timeshares and rentals. We also operate a small general store with a grill. We rent snowmobiles and ATVs. We provide all property management. I have owned, built, and operated this business for 19 years. We are profitable and have all permits to continue to grow and build this great business.

Property Details

Size:

9.2 acres.

Years Established:

1997

Property Type:

Real

Real Estate Value:

$ 3,000,000

Other Details

Business Location:

Mirror Lake Highway 150, Summit County, Utah.

Premise Details:

9.2 Deeded acres bordering 2 million-acre Wasatch-Cache National Forest and Bear River.

Competition:

No immediate competitors. We are the only mountain resort within 60 miles.

Expansion Potential:

We have built 8 of a total of 16 permitted and platted cabins. After the remaining 8 cabins are built there is potential for an additional 15 cabins, new lodge, restaurant, and shop.

Living Accommodation?

Yes
There are two small cabins for staff and a 3-bedroom home.

Planning Consent:

We already have the filed plat and permits for an additional 8 cabins.

Operation Details

Employees:

10

Trading Hours:

Open daily from 9:00 to 5:00.

Support & Training:

We will provide complete support and training for a reasonable transition period.

Miscellaneous

Reason For Selling:

Exit strategy for retirement. I have owned, developed, and operated this resort for 19 years.

Contact this seller

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