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
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 $40,000 in renovations in 2023 alone
-Re-pointed stone, basement and foundation
-AC in kitchen, stairs in basement
-Kitchen completely repainted
-Beer cooler refurbishment
-Moneris POS system
-Professional exhaust hood and fire suppression system (Ansul)
-Fully equipped, professional kitchen, including three friars and commercial dishwasher (leased)
-3 liquor licenses
-New 1700 gallon septic tank and weeping tank in 2010
-2 Wi-Fi cameras
-All wall decorations are negotiable with offers
-Whole electrical panel surge protector
-Excellent quality and quantity fresh water from shallow well
Inclusions: All restaurant and bar equipment, furniture and fixtures. A list can be provided with a submitted offer. Generator, central A/C and wall units.
Exclusions : Personal items, some of the decorations (wall mounts) and other memorabilia. Dishwasher is leased 124$/month. All inventory at the time of sale (food+beverages).
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
