Profitable Waterfront Resort with Absentee owner

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Profitable Waterfront Resort with Absentee owner

For Sale $ 1,698,000
LOCATION: Port Rowan Ontario Canada
CATEGORY: Business For Sale
INDUSTRY: Entertainment & Recreation Businesses for Sale | Hotels and Motels for Sale | Travel Businesses for Sale
LISTING TYPE: Resorts for Sale | Resorts for Sale | Resorts for Sale

- 8.13% CAP with absentee owner!

- Very strong cashflow for only 6 months operation!

-Chances to change to convert to be four-season resort!
- Profitable and beautiful cottage in the sought-after Long Point Beach area.
Besides water activities, Long Point is one of the most beautiful places for bird watching in Canada.
- Manager on site
7 detached rental cabins: 1-3br, 2-2br, 3-1br and 1BCH;
One four-season main building contains a two-bedroom suite currently occupied by the manager, a 1-bedroom rental unit, and a large lodge that can be covered by restaurant, store or more rental unit.
-1 Fish cleaning hut, 1 house keeping shred,
-lots of parking, boat launch, boat slips... Tons of upgrades.
All cabins and suites have stove fridge and AC.
Extra income from firewood, ice, baits, etc.

1hr to London, 1.5hrs to Mississauga, 2hrs to Toronto
There is still a lot of room to increase income!