***SOLD***

This RV Resort is located on the Northwest shore of Upper Lake Sakatah near the city of Waterville Minnesota, 60 miles south of Minneapolis, MN. The property is nicely wooded with 12 acres of land, 4 cabins, 90 RV sites, the owners’ residence and garage, office and lodge. There are 2500 acres of water in three connecting lakes and 50 other lakes within 20 miles.

The Residence and cabins all overlook the lake and the campground is nicely wooded. The majority of the RV guests are seasonal tenants and have boats or pontoons. The lodge is equipped with washers and dryers, arcade games, billiards and is a good place to just sit around and visit.

The Sakatah Hills bike trail is just across the lake, it is a paved trail that wanders the countryside and along the lakes between Mankato and Faribault. The owners have had Lakeview for many years, are a bit conservative on their rates, do very little advertising, but do have a respectable occupancy.

For the last 3 years the business volume has ranged from $157,559 to over $170,000 with cash flow from $84,800 to $111,688.

Resort and operation is being sold turn key fully equipped for $795,000. With a respectable credit score (above 700) and about $175,000 down the sellers will carry a contract for deed.

Enhancements: This RV resort shares a boundary with another more deluxe campground, which has many seasonal sites that rent for $2,725 per season, which is about $600 – 1,200 more per season than this property.  Rate increases are the fastest way to increase revenue.  Better equipment for rental on this 2,500 waterway is another fast revenue builder.

***SOLD***