Premier Resort and Houseboat Rental Business Near the Boundary Waters

SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of Timber Bay Lodge & Houseboats ("Property") located on Birch Lake near Ely, Minnesota, and the Boundary Waters Wilderness Canoe Area (BWCA). Nestled deep within the heart of the Superior National Forest, the Property is one of the premier houseboat rental-oriented resorts in the Midwest. Surrounded by towering Norway pine, birch, and spruce trees, this modern Minnesota resort promises to fulfill the vacation dreams of families and fishing groups alike. The property boasts a full-service marina, a safe and sandy swimming beach, and a variety of resort activities, including children's programs ensuring a perfect family getaway year-round. Guests can enjoy boating, camping, fishing, canoeing, swimming, pickleball, or simply relaxing amidst the natural beauty. With 1,482 feet of waterfront on Birch Lake, the Property offers 14 cabins, a boathouse, an owner's residence, and an office/gift shop, providing everything that guests need for an unforgettable stay.

Sales Highlights:
- Premier resort and houseboat rental business that is nestled deep within the heart of the Superior National Forest
- 11.02% Cap Rate based on 3-year average EBITDA plus owner's residence pro forma profit
- Structures include 14 cabins, 13 houseboats, a boathouse, an owner's residence (included in the sale price), and an office/gift shop building
- Situated on 1,482 feet of waterfront on Birch Lake with a full-service marina along with a safe, sandy swim beach
- The resort offers a variety of activities, including children's programs as well as boating, camping, fishing, canoeing, swimming, pickleball, and much more