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Price Reduced! Business Opportunity South East BC For Sale

Yahk, British Columbia, Canada
Asking Price:
$885,000 (CAD)
Sales Revenue:
$150,000 (CAD)
Cash Flow:
$50K - $100K (CAD)

Are you interested in being semi retired and moving to the East Kootenay area of BC? You will be doing most of your work from May to October, and can take it easy in the winter and still collect revenue. This area is a recreational paradise located close to two major lakes and right across the street from miles of forestry roads and crown land. You can hunt, fish, quad, hike, camp, and boat. Also, we are 10 minutes from the Idaho border. This property might be what you are looking for.
We have 16.3 acres in Yahk, B.C. with approximately 2000 feet bordering the Moyie River on one side and 1750 feet bordering Highway 3 on the other side. 8 acres is currently developed as a year round RV resort. This is NOT a campground. The lots are owned by individual shareholders. When a person wants to own a RV lot, they purchase a share in the company which gives them exclusive use of their lot forever. They can sell their share or leave it in their estate.
Holiday Haven Resort has 39 riverfront lots with underground 60 AMP electrical service to each lot and 5 forested, non-riverfront lots with 100 AMP electrical service. All lots have power meters so the lot owners pay for their own power. There is a large community septic system. Most lot owners install a well on their lot but we also have the rights to pump water from the river. 37 of these riverfront lots are owned by private shareholders who each pay a yearly maintenance fee which is $1700 for seasonal use and $1850 for year round use.
The 7 unsold lots could be leased for $2,500 each annually while you are waiting to sell them. The lots have been selling for $50,000. each and there are 7 lots left to sell.
The front 8 acres that borders the highway contains 4 revenue buildings. Building #1 is approx. 1200 square feet and contains the Yahk Post Office rented for $500. monthly plus a 2 bedroom residential unit rented for $900 monthly. Building #2 is about 1500 square feet and contains a 3 piece bathroom for use by the RV Resort plus a 2 bedroom residential unit rented for $1000 monthly and a bachelor unit rented for $550 monthly. Building #3 is a 500 square foot shop with overhead doors that are 16' wide by 16' high. This building could be rented with some yard space for $600 monthly or keep it yourself and open a tire shop or RV repair shop. Building #4 is a 600 square foot storage unit which could be rented for $200 monthly. This leaves approx. 4 undeveloped acres with highway frontage which could be developed as a campground, public storage lot, gas station, car wash or whatever. So your gross yearly income from annual dues and rentals is $99,650.
You will be buying our majority shares in the company plus our assets. Holiday Haven Resort Ltd is the titled owner of the property. It is a BC Corporation with 300 shares. 37 of these shares are owned by private lot holders. There will never be more than 50 shares sold to the public so you will always own at least 250 shares giving you majority control of Holiday Haven Resort Ltd. We are offering our 263 shares for sale. In addition, we are including our assets in the sale price.
These assets include the 4 revenue buildings described above, the 4 undeveloped acres with highway frontage, the 7 unsold lots which have been selling for $50,000 each. We have been providing excavation and snow removal service on the property which is paid for by the company and individual lot owners. We have a skid steer which we would be willing to sell to the new owner if interested.
In addition, we have a 3 bedroom 2 bath log home on the property with a 1000 square foot attached garage with 3 overhead doors. This home with a wrap around deck facing the river is located on 2 of the river front lots and could be purchased by the buyer of the property for an additional $250,000. At this time we are not interested in selling our home unless the resort sells.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

3 bedroom 2 bath log home on property with 1000 sq ft attached garage with 3 overhead doors. This house is on 2 riverfront RV lots and can be purchased by the buyer for $250,000.

Location:

The business is located in Yahk, BC. This is a small community between Cranbrook and Creston. It is near the Idaho border at Eastport. The Moyie River runs along one side of the property. We are located next to 1000s of acres of crown land.

Premises Details:

16.3 acres with approx 8 acres developed as an RV Resort. The other 8 acres with highway frontage contains 4 building which are leased to individuals and a business. There are about 4 undeveloped acres with commercial potential.

Planning Consent:

Yahk is an unzoned area. However all applicable permits were obtained in the construction of buildings, septic system, electrical system and wells.

Business Operation

Expansion Potential:

Great opportunity for expansion on 4 undeveloped acres to develop a business such as storage lot, overnight RV resort, gas station etc. Also expansion of excavation and snow removal services is possible.

Competition / Market:

There are other RV resorts in the area that sell lots to individuals.

Reasons for selling:

We are in our 70s and would like to completely retire.

Trading hours:

We are open year round but are only busy from April to October. Between November and March, you could hire security, and go south for a few months.

Employees:
2 part time
Years established:
2009

Other Information

Support & training:

We will show you how to operate and maintain the septic system. We will be available to offer support for a year as needed.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

We would consider holding a 10 year mortgage with a minimum of 1/3rd down payment.

Related Documents:
Home based:
This business can be run from home.

Contact Seller

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