As Minnesota resort and campground offers contemplate a sale, sometimes a seller carry back make sense. You should understand the pros and cons

As a Minnesota resort and campground owner, it’s important to keep in touch with your legislator for several reasons.

Networking in your community can provide an excellent way to improve your resort.

What is “Exit Planning” and why is it important?

As a resort or campground buyer, you are about to spend a considerable amount of money on a business that you have never run before. You might be feeling a little nervous.

Before answer this question, it is important to understand that buyers and sellers can apply many different approaches for the valuation and appraisal of commercial real estate.

One of the first steps in buying a Minnesota resort or campground is deciding what characteristics will be just right for you and your family.

Buying a Minnesota resort is exciting, and you will have many questions about the hospitality business.  They may be about  marketing, local government issues, customer relations, equipment rentals, and more. 

According to the Explore MN Winter 2022 Tourism and Hospitality Industry Survey Findings, 82% of MN resorts reported winter 2021/2022 revenue at or above 2019 levels.

This might be  the question we get asked the most about the resorts we have for sale.   It is an excellent question and if you are asking this question, it means you know that resort ownership is not all about the lifestyle - you have to pay the bills too!  What you may not realize is that resort ownership isn't analyzed like other opportunities.

Unlike the Capitalization (CAP) Rate for resort valuation, the Cash On Cash (COC) return for Minnesota resorts is not nearly as nuanced.  The COC return is also called the Equity Dividend Rate. 

When looking at Minnesota resorts for sale- choosing an agent is key. You want the right professional working for you. There are differences you should understand.

We are often asked: "When are Minnesota resorts listed for sale ?" You’re probably wondering when they typically go on the market. Just like residential homes, resort sales have peak listing times.

When you consider buying a resort or campground in Minnesota, you want to know how the industry is doing.

Finding the "Perfect" Minnesota resort for sale is a lot like finding the "Perfect" house.