How to Find Top Lodges for Sale in Canada
When it comes to customer-centric businesses that heavily rely on quality commercial properties, most entrepreneurs answer the same question - is it better to buy an existing business or start a new one? It's a legitimate question, given that both options have their own advantages and drawbacks.
As with motels, buying a turnkey lodge business comes with a long list of benefits. The greatest advantage of old businesses is that they already occupy the most competitive locations. There aren't many good locations left for building new lodges, especially not on the budget.
Although there's always some risk involved, potential pitfalls are easier to predict when buying an already existing business. As a new accommodation owner, you'll be able to obtain all information you need to compete against the luxury mountain resort across the lake from your lodge.
Here's how to find the top lodges for sale in Canada at the moment.
Define the Ideal Lodge for Your Business
Before you start searching for available options, it might be a good idea to stop and consider what type of lodge you would love to stay in a while on vacation from the city bustle. Do you prefer historic homes in a rustic setting, or would you like something closer to home or nearby fishing resorts?
Not all modern-day tourists have a fishing license, but most picture remote lakes and beautiful forests. When planning your lodge business, Instagrammable nature should be a top priority. A 4–6 hour drive from Quebec City is an ideal distance for weekend explorers.
Research the Market to Compare Options
Now that you have a better understanding of what kind of lodge business you would like to run, it's time for market research. There's no doubt that lodges are currently in high demand, but that's not enough to base your decision on. Markets change all the time, but these changes are predictable.
Fortunately, beautiful surroundings and stunning views never get out of fashion. Whether you choose a mountain lodge or an island oasis (Acre Island, Fogo Island, Shartbot Lake, Eagle Lake, and Emerald Lake are always popular destinations), it's always a good idea to have national parks nearby.
Calculate the Cost of Your Lodge Business
There's another big advantage of buying an existing lodge business - price. Compared to building, buying is always a more affordable alternative. Still, you shouldn't expect to find a respectable lodge business in a good location for cheap. The more successful the business, the higher the price.
But at the same time, buying more for a successful business will pay off quicker and better in the future. If you cannot wrap your head around all this, Businesses4Sale offers a business calculator kit to help you calculate the cost-to-profitability ratio of running a lodge business.
Leverage Our Advanced Search Filters
Businesses4Sale is one of the best and most comprehensive marketplaces for businesses, franchises, and commercial properties. Our site has more than thirty main categories worth of listings. Because the number of available options can be overwhelming, we've created a customizable search engine that lets you create search criteria for your queries using more than thirty advanced filters.
You can search for top lodges for sale in Canada based on a keyword or location (city, province, and local area). The engine also offers financial search filters (price range, annual gross revenue, and annual cash flow). You can include specific business requirements such as "home-based," "price-reduced," and "asset sale" and sort listings by date, price, cash flow, or date days elapsed since listing.
Use Businesses4Sale to Find Top Lodges
Just like you cannot build a successful business overnight, you shouldn't decide to buy one until you've explored all available options. We wanted to make that easier for you, so we've included the option to save your custom search criteria for later. Simply register for free and click "Save."
If there are no available lodges for your query right now, we'll alert you as soon as there's one. You just need to submit a request from the Advanced Search section on our website. Businesses4Sale is your dedicated place for discovering the best businesses for sale and rent in Canada.