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Businesses For Sale   >>   Ontario Businesses For Sale Categories   >>   

Motel Development Opportunity

Location  Ontario,Canada
Asking Price Range  $250K - $500K
Gross Revenues  $6000
Net Profit / Cash Flow  $6000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2000
Number of Employees  1 - 3
Inventory  $450000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  Available
Reason for Sale  Retirement
Description  This is a fantastic 2.6 acre investment/development property with great exposure on Hwy 35 N with 254 ft. Hwy frontage and 135 ft. of prime water frontage on Moore Lake. This is the perfect opportunity to live in the main house while you develop a 24 unit resort/motel on the highway frontage and build your dream waterfront home on the lake which will allow you to work at home. You can continue the mobile home rental for additional income while you are developing the property. There is no provision in the current draft site plan for a restaurant and some retail space, but both could be added. Drawings for the units are available. They can be modified to be fully wheelchair accessible. A draft site plan has received verbal, preliminary acceptance, but more detailed info will be required. Property includes: a newer 2 Bdrm home, a 2 Bdrm mobile home rented for $500 monthly, a 3 Bdrm home that needs interior re-finishing and a small building currently being used as office space. There is a cleared waterfront lot with installed septic for your 4 Bdrm dream home. For more information please email or contact Bill Thompson at 705-328-3800.
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