General Store and Lodge in Elk River Idaho

Elk River, ID
Asking Price:$700,000
FF&E:$100,000
Established Year:1950
Gross Revenue:$650,000
Real Estate:$500,000
BUSINESS DESCRIPTION

General merch, food, lodging, fuel, propane and liquor sales

This is the business you've been looking for as an Investment or Owner Operator. The Elk River General Store and Lodge has the only grocery, general merchandise and fuel in the area. It also has a full kitchen to serve breakfast, lunch and light dinner menus. It is a contract store for liquor sales for the State of Idaho. The General Store is very well known for it main product, Huckleberry Ice Cream. Huckleberry Haven serves several products that draw people from all over the Northwest especially it's homemade Huckleberry Pie.
The store also has the only gas, diesel, and propane service in the area. It also has a restaurant area that has been know to serve the areas best breakfast menu.
The lodge has 9 rooms and a great room with a T.V., couches and kitchen area. The Jacuzzi Suit is extremely popular among newlyweds, and outdoorsmen. All the rooms are themed and have an excellent reputation that serves the areas hikers, 4 wheelers, snowmobilers, fishermen and hunters.
The business is the hub of the community, hosting Ice fishing derby's, 4 wheeler runs, and much more. We even have an operational salon for the beautician in the family. We are surrounded by world class trails, waterfalls, ancient cedar groves and did I mention some of the best hunting in the United States. The reservoir is only 1 mile away and has excellent fishing year round. You can drive for hours on your 4 wheeler and never leave the forest.

Don't miss this incredible opportunity to own your own piece of paradise. Come stay for a night in the Jacuzzi Suit and you'll be wanting to call this amazing place home.


ATTACHED DOCUMENTS
Confidentiality ERL.docx.docx Download

DETAILED INFORMATION
Location
Elk River, ID
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
8,964
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business is fully set up with 9 rooms in the lodge, laundry, and upper kitchen area. The kitchen has a new grill, and has been refurbished and is fully functional. Includes dishwasher. It also has small seating area to serve guests. The General store has Ice Cream Machines, Ice Makers, large cooler room, counters and much more. The price of the business includes the real estate. (inventory to be purchased separately.
Competition
The closest store is in Bovil, Id which is approximatly 17 miles away. There are 2 bars in town which serve food, a small motel across the street and a small coffee shop.
Growth & Expansion
growth potential is Great. Growth can be discussed based on buyers level of interest.
Financing
Inventory to be purchased separately. Cap Rate 7+
Support & Training
Training and support is available. Logistics to be worked out prior to sale.
Reason for Selling
Retiring

BUSINESS LOCATION
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Garl Stephens
Garl Stephens