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Successful Saskatchewan Lakeside Drive In Resort For Sale

Goodsoil, Saskatchewan
Asking Price:
$1M - $5M (CAD) Inventory / Stock included
Sales Revenue:
$250K - $500K (CAD)
Cash Flow:
$100K - $250K (CAD)

Our completely refurbished resort is located in a beautiful part of Meadow Lake Provincial Park, and while we have operated it spring/ summer it has the potential to be a year round business if desired.

With a beautiful 2000 sq ft lodge featuring a store, recreation room and commercial kitchen, 5 fully modern winterized rental cabins, a 100 RV capacity campground (50% seasonal), 5 rental boats and everything your need to operate on a seasonal basis or all year long. Northern Cross Resort is a smooth turn key business, enabling new owners to just step in and run it as is, while they consider the many potential opportunities available, ie restaurant, beach side ice cream shack, ice fishing, etc

Our present operating lease sits on 75 acres of developed land, however there were over 200 additional acres allotted for future expansion on our last development agreement.

Property Information

Real Estate:

Lease

Lease Terms:

Commercial Lease #1 $225 / Seasonal Site Rental - Sites 76 to 96 ($225 x 13 in 2018) plus $250 / Cabin Rental ($250 x 6 in 2018)
Commercial Lease # 2 Campground Sites 1-70 1% of Campground Revenue ($1,348.70 in 2018)

Leasehold Rent:

$5,773 (CAD) per annum

Living Accommodation:

One 36ft 5th Wheel RV with three slides, skirted, deck and fenced yard (2000)
or stay open year round and convert the lodge into your living quarters and attach a garage package to the back of the lodge and move the store.

Location:

13 km West of Goodsoil, Saskatchewan
On the south side of Lac Des Iles
N1/2 S31 T62 R23 W3rd and NW1/4 S32 T62 R23 W3rd
GPS 54°24'41.6"N 109°25'54.3"W

Premises Details:

Our half mile of blonde sand beach, 2100 sq ft lodge, 91 campsites, 2 group camps, 5 fully modern rental cabins (plus one modern cabin), rental boats and associated outbuildings, sitting on 75 acres of very reasonably priced leased land in Meadow Lake Provincial Park, will appeal to anyone with a keen business eye.
Two commercial Saskatchewan Provincial Government leases #1 and #2 (10 years with an option to renew for an additional 10 years - signed in 2018/2019) sitting on 75 acres of waterfront land on the south side of Lac Des Iles in Meadow Lake Provincial Park.

Size in square feet:
75 acres developed
Planning Consent:

On our 2015 development agreement for the full service sites, Saskatchewan Parks included all of the North Half section of S31 T62 R23 W3rd

Business Operation

Expansion Potential:

The resort offers an excellent income, whether you are seeking a relaxing semi-retirement working just the late spring and summer season or someone with a hunger for business and looking to take advantage of the numerous opportunities for expansion, such as fall and winter cabin rentals, expanding the RV camping season, sledding, ice fishing, pontoon rentals, beach side canteen or re-opening the restaurant.

Competition / Market:

Our drive-in resort's customer base is mostly from Saskatchewan and Alberta. We are located just 4 hours from Edmonton, AB (metro population 1,321,426) and Saskatoon, SK (301,097). The resort seems to be recession proof, as during economic downturns folks tend to vacation closer to home - 2008 was a very busy year. In the 30+ years that Northern Cross has been operating in this location, Lac Des Iles has become very popular due to it's crystal clear water and exceptional fishing habitat and since the opening of Northern Meadows 18 hold golf course in 1994.
The main competition for customers is Saskatchewan Parks, who operate most of the campgrounds in the province. In 2019 the increased their seasonal site rates by almost 25%, making them considerably more expensive than ours.
Also Saskatchewan Parks recently lost their 200 site campground on the north side of Lac Des Iles to a tornado. With 1000's of trees destroyed, it will be a long recovery. Lauman's Landing, a titled cabin and RV lot resort, was also hit by a tornado, which brought down 1000's of trees there as well.
The remaining local competition comes from Big Island Cove (also in the park on Lac Des Iles) and the Shores (titled cabin lots - no RV sites).

Reasons for selling:

Having spent 32 years developing and managing the resort with our family, it is time for a change and to allow someone else to make their mark.

Trading hours:

The weekend before the May Long Weekend (May 10ish) to the weekend after the September Long Weekend (Sept 8ish)

Employees:
Including the two owners - 5 seasonal employees
Years established:
Established 1987 - in operation since 1988. 32 years

Other Information

Support & training:

Current Owners/Operators will facilitate a smooth transition by being available at the beginning of the season to make guest introductions, provide training and assistance as required by the new owners

Website:
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