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Successful Saskatchewan Lakeside Drive In Resort In Goodsoil For Sale

Goodsoil, Saskatchewan, Canada
Asking Price:
$1,688,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$300,000 (CAD)
Cash Flow:
$200,000 (CAD)

Currently, our Revenue and Cash Flow is generated over just 4 months -so plenty of room to expand.

Our completely refurbished resort is located in a beautiful part of Meadow Lake Provincial Park, and while we have operated it spring / summer it has the potential to be a year round business if desired.

With a beautiful winterized 2000 sq ft lodge featuring a 240 sq ft reception/convenience store; a living quarters featuring two 150 sq ft bedrooms (with an option to add a third), a 625 sq ft living/entertainment room, 250 sq ft kitchen and dining area, two bathrooms, an office and a laundry/utility room; five fully modern winterized rental cabins and one rustic cabin, a 100 RV capacity campground (85% seasonal), two 17ft consul steering rental boats with 2019 30 hpr Yamaha outboards; a S185 Bobcat skid steer with 4 buckets, a newer tree planter and a stump grinder and everything you’ll need to operate on a seasonal basis or all year long. Northern Cross Resort is a smooth turnkey business, enabling new owners to just step in and run it as is, while they consider the many potential opportunities available: beach side food trailer, paddleboard/kayak rentals, pontoon boat rentals, snow mobile and ice shack rentals or upgrading the non-power sites to power.

Our present operating lease sits on 75 acres of developed land, however there were over 200 additional acres allotted for future expansion on our last development agreement.

For more information, please contact us by using the form below or visit our website by searching Northern Cross Resort on your browser. Introducing yourself and following the sale inquiry process on our website will generate a timelier response.

Property Information

Real Estate:

Lease

Lease Terms:

Commercial Lease #1 RV Sites 76 to 96 ($725 in 2021) / 6 Units Cabin Rental ($1,350 in 2021) / Store ($475 in 2021)
Commercial Lease #2 Campground Sites 1-70 ($1,200 in 2021)
These lease fees are reduced by 1/2 providing the lessor invests approximately $10,000/year into capital improvements.

Leasehold Rent:

$3,700 (CAD) per annum

Living Accommodation:

One 36ft 5th Wheel RV with three slides, skirted, deck and fenced yard (2000)
or stay open year round. This summer we will finish converting the main part of the lodge into a four season living quarters.

Location:

13 km West of Goodsoil, Saskatchewan
On the south side of Lac Des Iles

Premises Details:

Our half mile of blonde sand beach, 2000 sq ft lodge, 95 campsites, 2 group camps, 5 fully modern rental cabins (plus one rustic cabin), rental boats and associated outbuildings, sitting on 75 acres of leased land at a very reasonable rate in Meadow Lake Provincial Park, will appeal to anyone with a keen business eye – and no worries about someone opening a business within 5 km of you.
Two commercial Saskatchewan Provincial Government leases #1-lodge, cabins and 21 full service sites 76 - 96 (15 years with an option to renew for 10) and #2-sites 1 to 70, group site and beach area (10 years with an option to renew for an additional 10 years - signed in 2018/2019) sitting on 75 acres of waterfront land on the south side of Lac Des Iles in Meadow Lake Provincial Park.

Size in square feet:
75 acres developed
Planning Consent:

On our 2015 development agreement for the full service sites, Saskatchewan Parks included all of the North Half section of S31 T62 R23 W3rd

Business Operation

Expansion Potential:

The resort offers an excellent income, whether you are seeking a relaxing semi-retirement working just the late spring and summer season or someone with a hunger for business and looking to take advantage of the numerous opportunities for expansion, such as: a beachside food trailer, fall and winter cabin rentals, expanding the RV camping season, paddleboard/kayak rentals, pontoon boat rentals, snow mobile and ice shack rentals or if your up to the extra work, going from our current 6 night rental nightly policy (we take Thursday nights off) to a full 7 nights and easily increase the cabin and nightly site rentals by 14%!

Competition / Market:

Our drive-in resort's customer base is mostly from Saskatchewan and Alberta. We are located 4 hours from Edmonton, AB (metro population 1,418,118), 4 hours from Saskatoon, SK (325,806), just 2 hours from Lloydminster, AB (40,000) and only an hour from Cold Lake, Bonnyville and Meadow Lake (30,000). In the 34+ years that Northern Cross has been operating in this location, Lac Des Iles has become very popular due to it's crystal-clear water and exceptional fishing habitat and since the opening of Northern Meadows 18 hold golf course in 1994.
The main competition for customers is Saskatchewan Parks, who operate most of the campgrounds in the province. Their power sites to $33/night, full service sites to $44, seasonal power sites to $2600 per season and seasonal full service sites to $3400. Our rates are similarly priced, but we book our nightly sites a year in advance, rather than in April and our seasonal site guests have first option to renew their site for the following year, rather than going into a draw each April.

Lauman's and the Shores are local private subdivisions that offer lake view serviced cabin and rv titled lots for between $150,000 and $400,000. Northern Meadows Golf Course (6 km from the lake) offers seasonal sites $2600 and titled cabin lots $80,000. The remaining local competition comes from Big Island Cove – 14 Cabins and 27 seasonal sites (also in the park on Lac Des Iles).

Reasons for selling:

Having spent 35 years developing and managing the resort with our family, it is time for a change and to allow someone else to make their mark.

Trading hours:

The weekend before the May Long Weekend (May 10 ish) to the weekend after the September Long Weekend (Sept 8ish)

Employees:
Two owner/operators and 1 seasonal employees
Years established:
Established 1987 - in operation since 1988. 33 years

Other Information

Support & training:

Current Owners/Operators will facilitate a smooth transition by being available at the beginning of the season to make guest introductions, provide training and assistance as required by the new owners

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

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