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Established Resort In Cariboo Area Of Bc For Sale

Likely, British Columbia, Canada
Asking Price:
$1,100,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$170,666 (CAD)
Cash Flow:
$88,139 (CAD)

Morehead Lake Resort is an established resort, located on the shores of Morehead Lake, near the historic 1860s Gold Rush community of Likely in BC's scenic Cariboo Country, northeast of Williams Lake.

The property / resort includes several accommodations options including, camp sites, cabins and RV sites. The property includes other buildings including a Commercial Kitchen, Restaurant, Portable Buildings and Mobile Homes. The income comes from nightly vacation rentals and long-term rental to workers from the local mining operation. The property has commercial and residential zoning. The average gross revenue over 3 years is $170,000 per annum.

This property would be a great fit for a buyer looking to buy a business, which could be expanded with more accommodation. Other potential exists for the residential zoned land to be sub-divided in 2 acres lots and sold off or developed. This business also offers an owner a semi-retirement business.

The property is in a fantastic recreational area offering Boating, quading, fishing, hunting, and goal panning.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

2 level 4 bedrm, 2 bath.

Location:

Likely, Northeast of Williams Lake

Premises Details:

• The Resort has a total of 34 acres of land

• Property has two zonings, which are about equal in size, ie C2 (commercial) and R3 (residential)

• 400 feet shoreline

• The property has the following structures / buildings:

14 RV sites, no hook-ups
5 Cabins – Cottages, 1 bedroom to 3 bedroom
Two level house, 4 bedroom, 2 bathroom owners residence
2 Mobile / Manufactures Homes, one 2 Bedroom & one 4 bedroom
Commercial Kitchen / Restaurant, this is a 2-story building, with two dinning rooms and Kitchen. The building has the capacity to cook for 60 people and serves meals to the long-term tenants who live here.
Green House
Lakeside Portable Building, 2 toilets and 4 showers for camping customers
Long-term rental, Portable Buildings ( ATCO ), 3 buildings connect into one camp building. In total 12 to 14 people can live in these accommodations for worker in the area, including a local mine and other businesses.

Business Operation

Expansion Potential:

Expansion potential for accommodation. Other potential exists for the residential zoned land to be sub-divided in 2 acres lots and sold off or developed.

Reasons for selling:

Seller are retiring

Trading hours:

Mostly in Summer months, some all year around rentals for long term tenants

Employees:
2 and some part time

Other Information

Related Documents:
Home based:
This business can be run from home.

Contact Information

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