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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,999,999
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
Welcome to Lakair Lodge catering to fishermen and outdoor enthusiasts since 1919. Located on the West Arm of Lake Nipissing in the great Canadian Shield, the lodge is nestled amidst the white pines & waterways that wind their way through a myriad of islands with many back water bays & intricate channels that will keep any outdoor enthusiasts enthralled no matter what your passion. The Lodge, originally built by Lillian Cameron, remained in the Cameron Family for 4 generations until 2015 when it was purchased by the current owners who were long time friends of the Cameron’s. The new owners have done extensive renovations & rebuilt many of the cabins & main lodge/restaurant, including a 50's style diner!. The winterized main lodge features a beautiful up-to-date commercial kitchen, lounge & dining area with stone FP, 50's style diner for take out & gorgeous deck overlooking the water. It's perfect for those interested in operating a drive or boat to restaurant and can be a significant yr round revenue producer. There are 7 completely renovated waterfront housekeeping cabins with full services including 3 - 1 bdrm, 3 - 2 bdrm & 1- 3 bedrm cabins. There is a completely renovated yr-round owner's home & a 2nd yr-round home with separate hwy entrance at the rear of the property with updated siding, windows & water system. You could live there and utilize that area and the other home for revenue. Don't miss the full-service private marina area with gas pump, docks, boat rental, ice cream shop & more. There is also a large open area for tenting/glamping that can be expanded & enhanced. Also included are 6 vintage 'bunkie' style cabins that need some tlc but can be serviceable. Go to www.lakairlodge.com for more! (id:39198)
Location
Province
Ontario
City
Monetville
Address
8219 Highway 64 Highway
Postal Code
P0M2K0
Location Highlights
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Listed by
Realty Executives On The Bay Inc. Brokerage (Balm Beach) 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
$2,999,999
Asking Price
$2,999,999
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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