37764 Cabot Trail, Ingonish Beach, (MLS® 202324884) RE/MAX nova
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37764 Cabot Trail, Ingonish Beach

0 0 16225 sqft
$999,000 Pending

Description

Work / Life balance, National Park, Out doors active lifestyle, Great money to be made. If either of these aspects are appealing to you, then let's determine if you're qualified to acquire this restaurant operation that is already a winner and near impossible to screw up. Located at the doorstep of a National Park, seeing + or - 500,000 visitors annually, and known to be the go-to summer vacation destination by many Maritime families, the lifestyle offers some of the finest white sand beaches, national hiking trails, world class golf, and so much more bring visitors back year after year and through the generations. Until experienced firsthand, you’ll never truly understand her beauty and tranquility. Opening just before May long weekend and typically closes last week of October, while closed on Wednesdays, which are worth $8k per day in high season, there is much upside potential for someone who may have a different vision. Opening in April for just the weekend would provide at least $30k in additional business and there is certainly strong market demand to be open in January, February, and March, to support the ski season. This Restaurant has become synonymous with quality food, friendly service, and island hospitality. Given its stable track record and the stability of the National Park and Summer Cottage goers, this offering provides a secure investment foundation with the opportunity for increased revenues and profitability. Experienced business operators will quickly see where the immediate and no cost opportunities exist. The sale is structured as a sale of 100% of the authorized and issued share capital of the company. For the purposes of this offering, the price considers Working Capital to be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.

Listing Details

Address
37764 Cabot Trail, Ingonish Beach, B0C 1L0

Status
PENDING
Listing Price
$999,000
MLS®
202324884
Type
n/a
Style
---
Age
0
Square Footage (MLA)
16,225  ft2
Total Fin SqFt (TLA)
16,225  ft2
PID
85045532

Water
Municipal
Sewer
---
Utilities
---

Building Specifications

Foundation Type
---
Roof
Other
Exterior Finish
---
Flooring
Other
RE/MAX Commercial

Garage & Parking

Garage
N
Details
---

Sales History

Demographic Data

Demographic data is based on the dissemination area that contains the listing parcel . Dissemination Areas are small areas composed of one or more neighbouring dissemination blocks. All of Canada is divided into dissemination areas. Data source: Environics Analytics via ArcGIS Online, 2021

Population Size

412

Median Age

60.1

Avg Household Size

1.8

Avg House Income

$68K

The number of people for each age range.

How the population of this area is expected to change.

The highest level of education obtained by people within this area.

The maritial status of the people in this area.

The average household income within this area.

The number of people that rent versus own.

When the buildings in the area were constructed.

The number of children at home for the given age ranges.

The occupations of the people living here.

Tax Assessment

Year Amount % Change
2024 $618,100 ---
2023 $517,300 ---
2022 $458,500 ---
2021 $445,600 ---
2020 $459,400 ---
2019 $378,600 ---
2018 $380,100 ---
2017 $381,400 ---
2016 $381,100 ---
2015 $377,600 ---
2014 $370,100 ---
2013 $379,400 ---
2012 $382,100 ---

Maps

Last Updated On: 4/22/2024 1:01:12 PM (UTC)