Expansive seasonal Cottage Rental operation, over 100 acres - CLICK FOR DETAILS

Listing ID

1147

Print Friendly, PDF & Email

Location

Cape Breton

Description

Perched atop a hill, this 100+ acre property has provided it's guests with years of heart filled memories. There are not many places in Nova Scotia that offer an owner and it's guests the kind of experience this property can. If you're looking for a fairly easy, safe, and secure opportunity to operate an accommodations business without much stress or you have a vision to create an iconic retreat destination, this is worth looking into.

3 seasonal FT staff required to operate the business, 1 Manager and 2 cleaners.

You're a fan of nature, the outdoors, and beautiful settings, yes? Then we're sure you'll absolutely love experiencing your customers excitement as they share their day of adventure and excursion around the natural environment and cultural significance this spectacular area has to offer.

Comfort, guidance and shelter to come home to is the offering. In return, you'll find a thankful customer who has been provided a truly unforgettable experience. Your recommendation to local food + dining will ensure absolutely delicious simple meals with local and wild ingredients are enjoyed, tweeted, facebooked, instagrammed, and reviewed with the highest ratings. Maybe it's time to add food as an offering and create a truly complete and stunning experience?

This retreat property offers guests 12 fully self contained 1 or 2 bedroom chalet units, ranging from 404 sft up to 674 sft, with all the amenities necessary to unwind, relax, and enjoy some of the finest aspects of life. All units are winterized, making it possible for winter rental.

There is room to grow at this property and with our industry leading experience we'd welcome a discussion to share some ideas on maximizing industry demand and Return on your Investment.

If you chose to take the time to investigate this lifestyle and business, I can assure you the worst case scenario would be a life experience you'll feel great about and want to share with your friends and family.....a visit to the property and area.

Financial Information

Very stable revenue base year over year. Approximate $190k in revenues each year will provide an owner / operator with $107k in cashflow plus all the perks that come along with an operation of this type.

$107k 3-year average annual Seller's Discretionary Cash Flow
$114k most recent 12 months on $198k revenues, with expectation of $125k for 2018 season.

Current property set up would provide for both residential bank financing rates as well as commercial bank financing.

Minimum Equity Required

$450,000

Real Estate

There are a total of 3 land parcels, totalling 109.3 acres. An 82 acre "primary" parcel which includes a personal residence and office, barn and 2006 built professional workshop with 2 car garage. There is a second residence on the primary parcel, owned by the family, not used in the business. There is a 2.3 acre Parcel where the cabin buildings are located and an additional 25 acre Parcel connected and located to the east of the primary parcel providing for the trail network.

- There are 2 residences located on the primary parcel. Should you wish to acquire only the business ($1,099,000), there would be approximately 2 acres that would be severed from the primary property, with party sharing agreement on the well, driveway, and septic. Or, this additional 2700 sft ICF built residence with geothermal can be acquired for an additional $350k, which was the approximate cost of construction just 5 years ago.

- House included with the business is approximately 2550 sft, 3 bed, ICF construction in 2001 for additions (65%+ of home), with 6 year old roof.
- Many buildings with steel roofs in past few years, many with ICF construction
- On-site septic. There are 2 septic systems and certainly room for expansion.
- There is one well servicing the whole property, more than sufficient and excellent water

There are 2 additional parcels of land that you may consider adding to this package, totalling an additional 195 acres.

Price

$1,099,000

Non Disclosure Agreement

I hereby acknowledge that information regarding the following business(es) and/or Seller(s) is being provided to me in SECRECY AND CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) through Gateway Business Brokers.

I agree not to disclose any of the information given in connection herewith, either directly or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purposes or to circumvent Gateway Business Brokers in any transaction or contact with the seller(s). I agree not to make copies of any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the Business. Further, I agree that all inquiries, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Gateway Business Brokers. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business.

I agree that any breach of this Non-Disclosure Agreement (the "Agreement"), directly or indirectly, will be harmful to the Seller(s) and Gateway Business Brokers. In consideration for the information given, I agree that the laws of Nova Scotia will govern this Agreement and that all actions that may arise in law and/or equity shall be brought in Nova Scotia.

It is understood that this Agreement also applies to any information previously supplied by Gateway Business Brokers, verbally or in writing. I understand that neither the Seller(s), the Business(es), its officers, directors, employees, nor Gateway Business Brokers ,shall have any liability as a result of furnishing me the material included in this Agreement.

This agreement also acknowledges that the undersigned Buyer(s) has (have) been advised that Gateway Business Brokers provides Client representation for the seller(s) and Customer representation for the buyer(s) in this transaction, as per the terms that have or will be provided. I agree that should I buy, lease or come into possession of the Business, in whole or part, during the listing term or within 1 year from the expiry date of the listing term, Gateway Business Brokers’ right to a fee, as per Gateway Business Brokers’ agreement with the Seller(s), will be deemed earned. I understand I will be personally liable for payment of any applicable fees, as so reasonably determined, if I breach any clause of this agreement. It is agreed, however, that if a purchase is completed with the assistance available from Gateway Business Brokers, I am not liable for a fee.

Non-Disclosure Agreement