Tremendous Development Opportunity
Location Ontario,Canada
Asking Price Range $2.5M - $5.0M
Gross Revenues $250000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1975
Number of Employees 4 - 5
Inventory Yes.
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Yes.
Reason for Sale Retirement.
Description Not many investment opportunities like this come along. Situated 36 miles from the intersection of Hwy. 400 and Hwy. 407 in Toronto, on the East side of Lake Simcoe, the Marina itself is a 6.172 acre, 155 slip marina, with a 2,000sq.ft. marine and supplies store with 3 self contained apartments over. There is also a 7,000sq.ft. storage and service building. The operation is profitable with a good cash flow and has some significant expansion opportunities.
There is an adjoining 6 acres of commercial and agriculture zoned potential development land that is presently used only for winter storage and parking. Condominium or townhouse development is an obvious possible use with any second storey developed having a fairly view of the lake together with access to the marina.
Last, but certainly not least, is an almost new waterfront home set on a point of land adjoining marina property. An additional 50' x 200' waterfront lot is also available. Total property available is close to 13 acres. Email or call (877) 877-0127 for full package.
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