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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,700,000
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
Turn Key Tourism Opportunity now available in Northwestern Ontario! This well established fishing and hunting tourism outpost camp, on world renowned Lac Seul Lake, is looking for a new owner. Lac Seul is the massive crescent-shaped lake that spans from Ear Falls in the west to Sioux Lookout in the east and is part of the English River Watershed. Lac Seul is approximately 150 miles wide, has 3,000 miles of shoreline, and covers over 560 square miles (358,400 acres). Home to some of the best Walleye, Northern Pike, and Muskie fishing in the world! The camp is located in Chamberlain Narrows in the Northern part of the lake. There are 11 rental cabins, staff quarters, and a spacious two story main cabin for the owner and their family. Be sure to check out the virtual tour of the camp website for directions and additional camp information. This camp has a remarkable repeat business year after year which speaks to the dedication of the current owners in keeping customers happy. Camp guests are met at the Deception Lake Landing, which is approximately 15 minutes north of Sioux Lookout, by covered transport boat and enjoy a 1 hour tour of the lake while en-route to this welcoming paradise. Chattels include all cabin furnishings, 20 rental boats, 2 barges, 2 covered transport boats, and much more. This family business has been operating since 1990 and they have a reputation for excellence in customer service that they hope can be passed down to the next lucky owner operator. Call or text today for more information on this once in a lifetime opportunity! (id:39198)
Location
Province
Ontario
City
Sioux Lookout
Address
0 Hwy 516|lac Seul Outposts Chamberlain
Postal Code
P8T0A7
Location Highlights
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Listed by
RE/MAX NORTHWEST REALTY LTD. 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
10,242
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
$2,700,000
Asking Price
$2,700,000
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)
10,242
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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