Property Information:
Very popular & profitable family owned restaurant/bar for sale after 25 years with same owners. Ladysmith Hotel is a fan favourite & destination for snowmobilers, ATV's, fish & game enthusiast or anyone looking for a great meal and good times. With seating for over 100 guests, the business is always busy & return clients gladly wait their turn for a table. Immaculate & well laid out kitchen facilities make cooking a breeze. Very large 3 storey building with 15 vacant rooms on the 2nd and 3rd floors- rooms could be rented out as offices, storage space or renovated as short term rentals. Amazing turnkey business in the heart of the Pontiac.
World famous Ladysmith Hotel
-Located on the very busy intersection of Highway 303 and Highway 366
-Fully functioning and equipped bar restaurant
-15 empty rooms on floors 3 and 4 could be rented out as office space, storage space, or short term rentals
-Excellent revenues despite being open only four days a week and closed at 9pm.
-Host to numerous snowmobile/ATV clubs and gatherings as well as Trivia nights and Octoberfest
-Host to numerous fish & game clubs banquets and dinners
Upgrades and features
-Over $40,000 in renovations in 2023 alone
-Re-pointed stone, basement and foundation
-AC in kitchen, stairs in basement
-Kitchen completely repainted
-Beer cooler refurbishment
-Moneris POS system
-Professional exhaust hood and fire suppression system (Ansul)
-Fully equipped, professional kitchen, including three friars and commercial dishwasher (leased)
-3 liquor licenses
-New 1700 gallon septic tank and weeping tank in 2010
-2 Wi-Fi cameras
-All wall decorations are negotiable with offers
-Whole electrical panel surge protector
-Excellent quality and quantity fresh water from shallow well
Inclusions: All restaurant and bar equipment, furniture and fixtures. A list can be provided with a submitted offer. All inventory at the time of sale, generator, central A/C and wall units.
Exclusions : Personal items, some of the decorations (wall mounts) and other memorabilia. Dishwasher is leased 124$/month.
Building Features:
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Style:
Detached
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Basement:
6 feet and more, Unfinished
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Building Area:
1944.0 Square Feet
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Distinctive Features:
Street corner
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Driveway:
Unpaved
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Foundation:
Poured concrete, Stone
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Parking:
Driveway
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Property or unit amenity:
Central air conditioning
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Roofing:
Sheet metal
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Siding:
Steel, Vinyl
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Size:
54.0 x 36.0 Feet
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Windows:
Wood, PVC
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Heating System:
Forced air
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Heating Energy:
Heating oil
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Water Supply:
Shallow well
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Sewage System:
Septic tank