Golf Course And Lodgings for Sale
(ID# 269)
(Seller Ref# 007)
Financials
| Asking Price: |
$1,500,000 |
| Sales Revenue: |
Undisclosed |
| Net Profit: |
Undisclosed |
|
|
Business Summary
|
Hybrid 9/18 hole golf course, Range and Mini putt with a 2 bedrooms and 2 suite Inn backing on the finishing hole (additional $265K) in a popular tourist town 4hrs from Toronto, small house included
|
General Information
| Asset Sale: |
Yes |
| Employees: |
8 |
| Year Established: |
1963 |
| Trading Hours: |
7am to 7pm |
Property/Location
| Real Estate: |
Real Property |
| Accommodation: |
small 2 bedroom house on property and room in club house |
| Location: |
on Highway #6 2km from town |
Other Information
| Training Support: |
Trained staff are in place and owner operator willing to stay on for minimum of one season |
| Market Outlook: |
Tobermory is a tourist destination, cottagers and multy day renters is the largest market, closest course is 1 hour away and of poor quality. The area is on the Canadian top 7 destinations with the greatest growth potential.Main drawback is the short season(6 months) |
| Reason Selling: |
looking to retier, not willing to invest to bring the course to the next level |
| Financing: |
will hold a 25% second and there is a 300K existing mortgage |
| Website: |
www.cornerstonegolf.ca |
