$1,050,000
FOR SALE

Business for Sale

Motel

Total Area: 34,648 ft2

35 Main Street N
Latchford, ON P0J 1N0

Good Running Business Located in the Heart of fishing, hunting and tourist area, 18 Rooms Motel with 2-Separate apartments(2 bedrooms & 3 Bedrooms) renting from $100 to $165/night ,Motel has no competition in business in the area .Competing Market Is New Liskeard Town (20 Min drive to North). This Motel also have Separate 2 bedroom Manager accommodation. There is year-round business in this region especially for the motel being right on Highway 11.The Motel is about1.5 km from Burns Hiking Trail and 4 km from W.J.B. Greenwood Provincial Park Timiskaming Nordic Ski-Club is 10 km away. Extra Lot At Back To Expand Business. About 40% of business comes from online portals such as Expedia, Booking.com & Airbnb, and the balance 60% of the business is direct, corporate& repeat customers., Restaurant Business has very good potential, The motel had a decent amount of Revenue coming from the Kitchen that served in-house guests. Almost 60% of our customers are repeat/regulars for the last 6-8 years **** EXTRAS **** All Electric Light Fixtures attached, chattels, furniture, security, cameras, AC (id:47421)
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Listed By RE/MAX GOLD REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8195550
Last Updated May 14, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Motel
Franchise Non-Franchise
Price History

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Detailed Information
Total Area 34,648 ft2
Listing Contract Date 2024-04-02
# of Parking Spaces 25
Property Type Business
Transaction Type For sale
Business
Business Type Accommodation
Business Subtype Motel
Building
Cooling Type Fully air conditioned
Heating Fuel Electric
Heating Type Forced air
Utility Water Municipal water
Land
Total Size 132 x 264 FT
Size of Irregular Land 132 x 264 FT

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