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B&B For Sale
Little Lake Inn

Contact Details:
Name: Milton Haynes, Broker, Canadian Real Estate Strategies Inc., Brokerage
Property Address:
669 Yonge Street , Midland , Ontario
Phone 1: 705 427-0881
Phone 2: 705-526-2750
Office: 416-363-5554
Web: http://www.littlelakeinn.com
Email:
BBCanada Listing: www.bbcanada.com/2046.html
Asking Price: $569,000 CND

Little Lake Inn - Front view Autumn view from our veranda

This 4 Guest Room Bed and Breakfast business, overlooking Little Lake Park and the Lake in the heart of Midland , will appeal to the serious buyer who is interested in operating an established, successful, up-market B&B.

Rental income is over $100,000 annually plus sales taxes.Future potential exists for continued growth of the business.

The deceivingly large Little Lake Inn is truly a special place. The location, setting, interior finishes and attention to detail set it apart. The business has been operating for over 11 years and has been awarded the CAA/AAA Three Diamond Award the past 9 years. It is featured in the CAA/AAA Ontario Guide Book and website as well as many other prominent tourism guide books and websites including the Lonely Planet Guide, Rough Guide to Canada, Best Places to Bed and Breakfast in Ontario and Le Guide du Routard (Plus chic).

Fall view from the dining room Little Lake Inn - Interior view

This turn-key business operation includes real estate, furniture, fixtures, appliances, supplies, corporate entity, operating systems, website, reservation system, advertising and training.

Begin operating seamlessly with trained, permanent part-time staff and good cash flow from day one. Some personal items are not included.

Little Lake Inn is located in the Southern Georgian Bay region of Midland/Penetanguishene, which in 2003 was the number 1 destination on Georgian Bay and was the number 3 destination in all of Ontario behind only Toronto and Niagara Falls (Tourism report June 2006-Simcoe Business Magazine).

Walk to fine restaurants, shopping and major attractions including the 30,000 island boat cruise from the door of this fine bed and breakfast.

Front view of the Little Lake Inn The Yellow Room

Little Lake Inn is a unique, one storey century home with finished basement. The main floor offers 4 Guest Rooms (one is a two room suite), each with en-suite bathroom with separate shower, whirlpool tub-for-two, fireplace, refrigerator, larger screen TV/DVD/VCR and CD player. Three of the rooms feature love seats and direct access from the room to outside. No staircases for guests to lug their bags up and down .

The Guest Lounge features an 11 foot high beamed ceiling and the Dining Room overlooks the 100 year old maples and oaks of Little Lake Park and the Lake. Off-street parking is provided by a 7 car interlocking brick parking lot.

Mechanical equipment includes natural gas high efficiency furnace, central air conditioning, electronic air cleaner, central vacuum system, water softener and 2 rental gas hot water heaters.

This renovated, well maintained property is fully serviced and an up-to-date Building Inspection Report is available.

Viewings by appointment only


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