Summary
- Asking price:
-
$1,100,000
- Sales revenue:
- > $500k < $1.5m
- Net profit:
- < $500k
- Employees:
- variable
Business description
Growing business opportunity` this resort/motel/ restaurant business is expanding by leaps and bounds! The ground work has been laid for continued growth. Only a small part of the potential has yet to be realized. The current ownership has other business interests that are very demanding, but want to see the fruits of their labour realized. A professional staff is in place and given the same willingness, commitment to community, pride in product and customer service and satisfaction of the current ownership would stay and continue to assist to work towards the ultimate goals of an ever increasingly successful business. A few of the features include: a waterfront property consisting of 2.5 acres with 580 feet of shoreline, which includes a boat launch and dock. The snowmobile trail runs through the property. The restaurant is licensed for 280 people.
Property information
- Real Estate:
- Real Property Included
- Living accommodation:
- Currently two separate apartments being used by the owners and there is another area on the area on the third level that is easily convertible from use for storage to living space. Each of the existing apartments have the potential to be increased in size as may be required by new owners
- Location:
- This business is located on a waterfront acreage in a high traffic area 5 minutes from Parry Sound and adjacent to a provincial park. Oastler Park Dr. is becoming a highly sought after retail/business/commercial/recreational destination. As demand increases, so does the potential of this already successful venture. One of the hotel/motel businesses has reently been taken over by a highly sucessful franchise operator. this is one of very few restaurant/motel/resort oprations within close proxcimity of Parry Sound that can boast significant waterfront as well as road front on two sides of a major thoroughfare.
Other information
- Expansion potential:
- There is great potential to expand any of the existing components of the business as well as into other commercial areas both related and unrelated.
- Competition / Market:
- There are other motel//restaurant/resort operations in the area, all of which are successful to varying degrees, but none of which have the variety of positive elements and potential to expand.
- Support & training:
- Available as required and will be negotiated at time of purchase and sale.
- Reasons for selling:
- Other business interest in and out of country
- Trading hours:
- variable