$699,000+ GST-QST
2144 Route 303
Thorne
Thorne
Type
Business
Bedrooms
N/A
Living area
2000 Square Feet
Bathrooms
N/A
MLS® 27189380
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 | $1,186 |
| School | $168 |
Building and interior of the property
| Living area | 2000 Square Feet |
| Expected delay of occupancy | 30 |
| Items included in the sale | All restaurant and bar equipment, furniture and fixtures. A list can be provided with a submitted offer. Generator, central A/C and wall units, Heat pump. |
| Items excluded in the sale | Personal items, some of the decorations (wall mounts) and other memorabilia. Dishwasher is leased 124$/month. All inventory at the time of sale (food+beverages). |
| Dimension of the front of the building | 54 |
| Dimension of the depth of building | 36 |
| Land area | 3288.7 |
| Dimension of the front of the land | 38.96 |
| Dimension of the depth of the land | 64.4 |
| Year built | 1886 |
| Municipal assessment (land) | $9,500 |
| Municipal assessment (building) | $178,800 |
| Municipal assessment (total) | $188,300 |
| Assessment year | 2024 |
| Irregular building | Yes |
| Irregular land | Yes |
| Basement | 6 feet and more, Unfinished |
| Business type | Restaurant |
| Distinctive features | Detached, Street corner |
| Driveway | Asphalt |
| Equipment available | Central air conditioning |
| Foundation | Poured concrete, Stone |
| Heating energy | Heating oil |
| Heating system | Forced air |
| Parking | Driveway |
| Roofing | Sheet metal |
| Sewage system | Septic tank |
| Siding | Steel, Vinyl |
| Structure type | Building |
| Water supply | Surface well, Well |
| Windows | PVC, Wood |
Addendum
| World famous Ladysmith Hotel Multi-award winning chicken wings in the Outaoauis The following upgrades and improvements have been completed: 1.Kitchen Renovations *New commercial flooring installed in main kitchen area 2025. *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 - Heat Pump 2026 |
