We are fortunate in this area to have local financing that is extremely supportive of local businesses.

 Available to qualified buyers upon mutual request.

A resort is both a home and a business. Its value is based on 1) the real property, such as the land and buildings; 2) the business assets, such as equipment, cabin fixtures, and boats and motors; and 3) the business itself. 

Real property
The value of the real property is determined by the tax assessment. The tax value for the 2020 year is in excess of $1 million

Assets
Almost every piece of furniture and all the equipment used and located at the resort has been replaced sometime during the current owner’s tenure. Furniture includes all the furniture and fixtures in each of the 9 cabins.

The rental boats and motors are included in the sale, in addition to hundreds of feet of dock space.

The Business
Birch Bay Resort has a strong clientele with approximately 90% repeat business each year.  That strong returning business has many benefits.  Among those benefits are lower advertising costs, reduced stress that often accompany new and unfamiliar guests but, mostly, the welcome comfort of familiar faces who, in many cases, have become more than guests, they have become friends.  The primary revenue source is cabin rentals, comprising about 95% of total revenues.  Boat and motor rentals make up most of the balance with a small fraction of the income coming from clothing sales. 

Way of Life or Investment?
The unique thing about a resort is that it is both your home and your job.  As your home, you live each day among the beauty of Minnesota's north woods.  Commuting to work is a walk out your doorstep and your job is different every day.  If you look at a resort as a way of life, your return is being able to live this life style while it is all being paid for by your guests.  However, the investment you make in a resort also pays financial dividends.  There is the profit each year when your operating income exceeds your expenses plus the resorts appreciation in value as you reduce your loan's principal each year.  The financial returns may be long term, but the way of life returns come every day.