Resort On Island French River
Location:
Canada
->
Ontario
->
Sturgeon Falls
Industry: Hotels and Holiday Accommodation > Holiday Resorts
Business Summary
Fabulous one of a kind resort located on 8 acres island at the mouth of French River on Lake Nipissing. Privacy, prime fishing waters for northern pike. walleye, muskie, bass and a variety of pan fish. Beautiful white sand beach on Campbell's Bay. Clean water, fresh air, sunsets. Historic resort with 10 rooms 3 story lodge constructed of hand hewn timber with huge stone fireplace. 7 cottages accommodate 50 in total, licensed restaurant for 150. Docking for 50 boats. Large kitchen with all the equipment. State of art septic and water purification system. Excellent income potential. 3 1/2 hrs from Toronto, 35 min from Sturgeon Falls by boat. VTB mortgage at 50% down with 5% interest rate.
Property taxes $5,333. Asking price $1,300,000.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$450,000
Cash Flow:
$280,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: Inquire.
Seller Financing: Yes
About The Business
Year Established: 1995
Number of Employees: 6 - 9
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Reason For Selling: Retiring.
Photos
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Print Listing Id: 70043844
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