50 - 52 Highway 11 S Cochrane, Ontario P0L 1C0

$4,500,000

Priced to sell, Motel and Restaurant businesses with land - A well maintained 40 ROOM MOTEL with 2 Apartments (1st Apt - 3 bedroom, living room, kitchen and 2 washroom & 2nd Apt - 2 bedroom, living room, kitchen and washroom) for the Owner/Manager & Staff to stay. Additionally, the Property owns a Separate Building of 3 more kitchenette Motel Rooms and the Restaurant (2 4 1 PIZZA + extra space for adding another food franchise - used to have Quesada in the past) Total Area 6 ACRES, great potential for future development. Property is well situated facing right on Trans-Canada Highway 11 with 500 feet frontage in the growing town of Cochrane which is right in the mid-way of Toronto and Thunder Bay. Year-round profitable business, Snowmobile trail is passing through the property (equally busy in the winter months). Cochrane town is fast developing with many new businesses established in past few years. Current owners have been successfully managing this property since 2019. Great repeat customer base of tourists, workers, contractors, hunters, snowmobilers etc. and Evacuees through City due to flood, fire, storm etc. ROOM REVENUE about $850,000 and 2 4 1 PIZZA REVENUE about $430,000. Employees run both businesses and both are profitable with the future potential to grow even more profit for the right buyer to use the additional space ready to go and suitable for another food franchise beside the 2 4 1 Pizza. The Pizza store has a valid liquor licence in place and opens daily 11am to 11pm. This motel was operating as Thriftlodge franchise until 2024. ***** OPTION for the BUYER: Seller can sell only a SEPERATE BUILDING of 3 motel rooms and 2 4 1 pizza if any buyer just wants to buy a restaurant building and 3 motel rooms (at a competitive market valve). Utilities are already separated and lot severance is possible.***** Latest pictures are coming soon - until then you can view pictures on hotel website or booking websites. (id:35762)

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https://www.realtor.ca/real-estate/28295262/50-52-highway-11-s-cochrane-cochrane