$699,000+ GST-QST
2144 Route 303
Thorne
Thorne
Type
Commercial building/Office
Bedrooms
N/A
Living area
2000 PC
Bathrooms
N/A
MLS® 25779052
Property description
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.
Details
Taxes and expenses
| Municipal Taxes | $1,186 |
| School taxes | $168 |
Building and interior of the property
| Living area | 2000 SF |
| Expected delay of occupancy | 30 days |
| Items included in the sale | All restaurant and bar equipment, furniture and fixtures. A list can be provided with a submitted offer. Generator, central A/C and wall units. |
| Items excluded in the sale | Personal items, some of the decorations (wall mounts) and other memorabilia. Dishwasher is leased 124$/month. All inventory at the time of sale (food+beverages). |
| Dimension of the front of the building | 54 F |
| Dimension of the depth of building | 36 F |
| Land area | 3288.7 SM |
| Dimension of the front of the land | 38.96 M |
| Dimension of the depth of the land | 64.4 M |
| Year built | 1886 |
| Municipal assessment (land) | $9,500 |
| Municipal assessment (building) | $178,800 |
| Municipal assessment (total) | $188,300 |
| Assessment year | 2024 |
| Irregular building | Yes |
| Area of the building | 1944 SF |
| Irregular land | Yes |
| Driveway | Not Paved |
| Heating system | Air circulation |
| Water supply | Shallow well |
| Heating energy | Heating oil |
| Equipment available | Central air conditioning |
| Windows | Wood, PVC |
| Foundation | Poured concrete, Stone |
| Kind of commerce | Restaurant |
| Siding | Steel, Vinyl |
| Distinctive features | Street corner |
| Basement | 6 feet and over, Unfinished |
| Parking | Outdoor |
| Sewage system | Septic tank |
| Type of business/Industry | Service |
| Roofing | Tin |
| Zoning | Commercial |
Addendum
| World famous Ladysmith Hotel |
| The following upgrades and improvements have been completed: |
| 1.Kitchen Renovations |
| *Installed a new epoxy floor in the main kitchen area. |
| *Added new hardwood flooring behind the bar. |
| 2.Equipment Upgrades |
| *Purchased one new fryer. |
| *Acquired a new food cooler, freezer, and ice machine for |
| the secondary kitchen. |
| 3.Plumbing & Infrastructure |
| *Installed a new Poppco commercial water pump, drive point, |
| and check valve. |
| *Completed paving of the parking lot. |
| 4.Technology Enhancements |
| *Initiated updates to the cash register system (currently |
| in progress). |
| *Upgraded the Interac payment machine. |
| 5.Facility Improvements |
| *Varnished the floors in both the bar and restaurant areas. |
| *Added new umbrellas to the patio area. |
| -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 |
