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Hospitality Business For Sale in Temagami, ON (Listing ID: 677)

SOLD

Hospitality

Land, Business and Home in beautiful Temagami

Hospitality Temagami, ON

$799,000 CAD

Independent

The beautiful Temagami Shores Inn and Resort is nestled among old growth red and white pines along the shores of famous Lake Temagami. The facilities are clean and cozy and have been well maintained over the years.

It is a favorite destination for the local community, visitors from Toronto and international travelers all year round. It features swimming, canoeing, hiking, fishing and boating in the spring and summer months, awesome fall colors in September and October, and world-class hunting, cross-country skiing, snowmobiling and ice fishing in the winter. Wedding receptions and family reunions are a specialty.
- iconic property with 16 motel rooms, 4 suites, 2 cabins, licensed restaurant, function room
- includes shoreline of Lake Temagami with canoes, docks, boat house and boat launch
-all equipment and chattels including John Deere tractor
- free hold title over 6.5 acres of pristine old grow white and red pines including 648ft waterfront
- borders Finlayson Point Provincial Park on southern margins of picturesque Temagami Township along Trans Canada Highway 11
- 4 bedroom, 2 bathroom owners appartment

Temagami, ON Hospitality Business For Sale Details

Company Name

Temagami Shores Inn and Resort

Legal Body

Incorporated

Business Reg #

812096170

Established In

1980

Proprietary Assets

6.7 arces of real property, motel, suites, cottages, restaurant, docks and chattels.

Last Year of Completed Statements

2015

Gross Revenue

$500,000

Annual Earnings

$80,000

Land/Building Included

Yes

% of Business Selling

100%

Reason for Sale

Retirement

Financing Available

No

Buyer does not need to have experience owning & operating a business or franchise.

Buyer does not need specific industry experience.

Buy And Sell A Business assumes no responsibility for the accuracy of any information shown.

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Annual Return On Investment Calculator

Annual Earnings:

$80,000

Liquid Cash Invested:

$

Borrowed Amount:

$

Interest on Borrowed Amount:

 

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