The Lake House Inn was operated as a modest Bed & Breakfast Inn for decades before undergoing an extensive “stem to stern” renovation and restoration in 2015 – 16 by previous owners. That renovation set the stage for the current owners to completely refurnish the inn in 2022 through early 2023 and reposition it in the market as a high end, luxury inn in 2023. Current owners capitalized on the fabulous, lakefront setting by adding the Oasis Bar & Grill, an outdoor dining and live music venue with a 5000 sq. ft. terrace overlooking the lake and spectacular sunsets. The Oasis Bar & Grill is a smash hit with locals and tourists alike. The Oasis Bar & Grill is a smash hit with locals and tourists alike. The Oasis Bar & Grill is a seasonal, outdoor restaurant that was operated Thursday – Saturday from May through the summer and early fall of 2023. Gross food and beverage sales if open five days a week seasonally are projected to gross $500,000. Annual gross lodging sales under previous management were $300,000 to $500,000. Annualized gross lodging sales for 11 months in 2023 since being relaunched February 1, 2023 were $806,192. YTD gross room sales as of June 2024 were $500,000. Gross sales for 2024, the current owners’ first full year in business, were $813,833. Gross lodging sales in 2023 were $684,419. Gross lodging sales in 2024 were $811,749. The Occupancy Rate in 2023 and 2024 was 46.32% and 51.57% respectively. The Average Daily Room rate in 2023 and 2024 was $315.98 and $308.06 respectively. This resulted in an adjusted NOI in 2023 (11- month start-up year) and 2024 of $14,234 and $102,777 respectively. Projected Gross Sales for 2025 are $841,916 (assumes no income from Oasis) resulting in a projected adjusted NOI of $257,000 based on cost cutting measures put in place in the 4th quarter of 2024 and increased revenue.