Oceanside Chalets and Motel Business on Cabot Trail
Business Description
Are you interested in living - either full time or seasonally - in one of the most scenic locations in Canada? Perhaps you are looking to make a secure investment, realizing that the value of waterfront real estate is protected by the limited quantity available.
If you love the ocean - fresh salt air and big skies, beaches, hiking, animals, and flora, or yearn for your own special spot where you can watch the sunset - this business opportunity may be a good fit for you.
We are offering a successful oceanside accomodations business located in Ingonish, Cape Breton, alongside the world famous Cabot Trail with unobstructured views of mountains, the ocean, Ingonish Harbour, and rugged picturesque coastlines. The famed Cabot Trail attracts over 400,000 visitors annually and has developed into one of eastern Canada's premiere vacation spots. There is an abundance of attractions and activities that strike at the very core of what people want to do when they are on vacation. Your visitors and guests come seeking adventures and looking for that beautiful place to breathe in the crisp ocean air, of which there is pleanty of. Your guests will leave with lots of fond memories and the intention of returning to this beautiful land loved by all those who visit.
- almost 7 acres of prime land. (Development Opportunity)
- 19 units in total, all winterized (4 two bedroom chalet, 4 Single/Double Open Style Cottages, 4 One Bedroom Cottages, 6 unit motel, and 1 three bedroom pre-fab unit)
- Ongoing updates have been a focus for current owners. (TVs, flooring, beds, furniture, paint, etc.)
- Electric Heat, drilled well, Septic (6 units)
- Seasonal Operations (May - October)
- Two long-time staff (17 and 10 years)
It has been said that the availability of development land in Ingonish is essentially non-existent, making this a rare opportunity to continue prospering in the coming years and for future development as an possible exit strategy. If you are aware of the area, you will note that one resort, being the Glengorm, has been demolished to make way for Condominiums.
I Am Interested
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General Information
Living accommodation: 1800 square foot home, 5 bedroom, split entry home, with pool. Updated in 2008. Currently rented out to local teaches at $900/month + utilities. Rental dollars not included in Business.
Cape Breton Island's most famous resident, Alexander Graham Bell, once said, "I have traveled around the globe. I have seen the Canadian and American Rockies, the Andes, the Alps and the Highlands of Scotland, but for simple beauty, Cape Breton outrivals them all."
- Online Marketing, considered to be the best opportunity for ROI.
- cleared land ready for expansion, Restaurant or Gallery?
- 10 month rental opportunity?? Looking at occupancy trends indicates room for longer-term rental.
- Local Ski Hill currently in talks of re-opening. Winter Business.
Competition / Market: Supply has decreased by 55 units in past 3 years. The lack of development land in area has seen one business demolish itself to make way for condominiums. Another has closed due to Crown Land Lease expiry and buy-back from Government.
Support & training: Yes, owners live in area and plan on staying.
Reasons for selling: Retirement, 22 years as owners.
Trading hours: May through till October.
Owner financing: Owner financing is available. Please contact the seller for more information.
Financing available: O.A.C. Seller will assist for the right buyer. Local bank is Bank of Nova Scotia.
Financial Information
Cash flow: $90,000
