35 Main St N

Sale Of Business | 0   | 0    | 25   | 0 sqft

$1,050,000

,Latchford,Ontario, P0J 1N0

35 Main St N, Latchford Sale Of Business Photos

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Property Info
MLS®: X8195550
Style of House: other
Bedrooms: 0
Bathrooms: 0
Last Updated: 2024-04-08
List Price: $1,050,000
Strata Fee: $0.00
Floor Area: 0 sq. ft
Unit Price: $1,050,000/sq. ft
Lot Size: 34848.00
Basement: Y
Tax Amount $6,250/Year
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Description

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

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