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ND fishing lodge. Profit or bust?
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<blockquote data-quote="pluckem" data-source="post: 103947" data-attributes="member: 843"><p>I think having to purchase the land and build the buildings would be the biggest hit to any potential profit and long term success. If you can do it all with no financing then you could stand a chance. If the bank or investors come calling every month, your ultimate job turned into a stressful endeavor. </p><p></p><p>You could say ND land (especially around a lake or lake shore) seems to be at or close to all time highs. Same could be said on building costs. You would have well over $1mil in debt before you even saw your first customer.</p><p></p><p>To me fishing results trump all. If the fishing isn't good people will look elsewhere. I think it would be a good idea to talk to some of the local guides who only offer fishing trips to see how much business they are getting. These guys are basically using their own boat and do this part time. However they have the benefit of being flexible on what waters they fish. The ones out of Bismarck can chase the bite or avoid the wind/storms on the MO River, Oahe, Sak.</p></blockquote><p></p>
[QUOTE="pluckem, post: 103947, member: 843"] I think having to purchase the land and build the buildings would be the biggest hit to any potential profit and long term success. If you can do it all with no financing then you could stand a chance. If the bank or investors come calling every month, your ultimate job turned into a stressful endeavor. You could say ND land (especially around a lake or lake shore) seems to be at or close to all time highs. Same could be said on building costs. You would have well over $1mil in debt before you even saw your first customer. To me fishing results trump all. If the fishing isn't good people will look elsewhere. I think it would be a good idea to talk to some of the local guides who only offer fishing trips to see how much business they are getting. These guys are basically using their own boat and do this part time. However they have the benefit of being flexible on what waters they fish. The ones out of Bismarck can chase the bite or avoid the wind/storms on the MO River, Oahe, Sak. [/QUOTE]
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