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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,900,000
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
Saenchiur Flechey Resort is located on the south shores of West Bay of Lake Nipissing. This beautiful resort sits on 35 acres of land with approx. 954 feet of lake front shoreline. 3.5 hours N of Toronto. Excluding the great lakes, Lake Nipissing is the 3rd largest lake in Ontario, Canada, with over 400 km of scenic shoreline and peppered with islands. Main Lodge is almost 10,000 sqft over three levels levels plus loft, five-star restaurant including commercial kitchen & full-service bar, natural stone fireplace in Gr Rm/Lounge, Library/Upper Living Rm, Spa & work out room, prep kitchen w/dumb waiter, pub & private wine tasting cellar, office, & storefront. Opportunities for 4 season operations ie. conferences, weddings & banquets (Currently not operated as such - owners spend their winters south). There are 7 winterized & custom built cabins fully equipped with refrigerator, stove, coffee maker, micro wave oven, private deck with gas barbecue for each. Three are 3 bedroom, three are 2 bedroom and one is a honeymoon suite. Detached 24' x 48' garage with 12 foot ceiling height with 3 sliding and one man door. 270 feet of lake front board walk, over 240 feet of floating dockage, public washrooms with showers, recreational equipment storage and fish cleaning facility, fuel depot and dual boat slip. Two 20 foot pontoon boats (burgundy & green), five 16 foot Alum See Realtor notes: Potential Buyers are welcome to come, visit/stay and view as a paying customer/client. Please call listing agent to arrange mutually agreed upon showing. (id:39198)
Location
Province
Ontario
City
Monetville
Address
513 Lemieux Road
Postal Code
P0M2K0
Location Highlights
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Listed by
RE/MAX TWIN CITY REALTY INC. 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
10,000
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
$4,900,000
Asking Price
$4,900,000
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)
10,000
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
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