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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,100,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Live, Work and Play at Northland Paradise Lodge in Temagami. Owner is retiring after catering to families, anglers, hunters, ATVers and Snowmobilers for 38 years. 2.45 Acres with 120' water frontage on crystal clear and deep Snake Island Lake, part of the Cassels - Rabbit Lake water system with over 30 km of boating and exceptional fishing. 7 guest suites with kitchens and bathrooms, a 2 bedroom seasonal cottage, docking for 12 boats, Rec room with pool table and shuffleboard, dining room seats 18 guests, gift shop and a cut and wrap shop. Municipal water and sewer services. Sale includes 2024 bookings, established client list, website, email address, boats and motors, canoes, and other equipment to operate the business. This Lodge is operating with Financial Statements available to Qualified Buyers. Owner's dwelling unit is 1236 sq. ft. with 3 bedrooms, kitchen, livingroom, dining room, and gorgeous waterfront views. The Lodge faces the White Bear Forest Conservation Reserve with an impressive 400 year old red and white pine forest. The owner provides guided hikes and photography tours in the White Bear Forest, with native wild orchid and mushroom tours being two of the favourites. Guests enjoy swimming, boating, fishing, hiking, and pot luck dinners on Friday nights where they share their week's experiences before heading home. A year-round business. Check out the Northland Paradise website at northland-paradise.com. (id:39198)
Location
Province
Ontario
City
Temagami
Address
51 Stevens Road
Postal Code
P0H2H0
Location Highlights
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Listed by
Chestnut Park Real Estate Limited, Brokerage, Huntsville Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
6,959
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$1,100,000
Asking Price
$1,100,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
6,959
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
N/A
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