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White Wolf Resort
Location Ontario,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $90000
Net Profit / Cash Flow $60000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1989
Number of Employees 1 - 3
Inventory $850000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Available.
Reason for Sale Retirement.
Description Turnkey year round resort on 12 acres of treed & grassed property with 1,260 ft of waterfront on Hutchinson Lake. The property is about 10 min from Geraldton, ON. Geraldton Airport is only minutes away. The resort includes 11 cottages, an RV trailer park, modern up to date infrastructure and a recently built owner's home, with connecting office. All cottages overlook Hutchinson Lake. 7 are winterized for yearlong rentals. The resort is not dependant on tourists as it has an excellent base of government & business clientele. There is excellent potential to expand either with new cottages or by opening new trailer sites. The resort is located in the Greenstone Region within the mining area known as the Ring of Fire. There is very active mineral exploration near Geraldton & the properties nearby the resort have been staked. The resort property was originally built up from mining claims & still retains those rights on one section. If tourist trade is low the location of the resort offers excellent accommodations for corporate workers and has built up a good trade with many on short term and long term stays. The resort is always sought by any contractors working long term in the Greenstone area, electricians, plumbers, construction crews, etc. There are a large number of Fire fighter management staff that stay at the resort from April to September; many with their own trailers and there is a steady stream of cottage rentals from them. Being close to the airport many pilots and crews who are working from the airport also stay at the resort. Geraldton is an official evacuation site for emergencies and they always send some to the resort for housing. Many other guests are repeat American and Canadian visitors. The location of this resort could also offer a great family location, for private use. Two of the homes are large enough for family residences. For more information please email or contact Bill Thompson at 705-328-3800.
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