72 James St, Parry Sound, Ontario P2A 1T5

Excellent opportunity to own a luxurious sports bar/restaurant and an 18-room hotel located In downtown of Parry Sound. The property is 26,242 Sq Ft and approx. 20 parking spots & more in front & back of the Property. The half of the Property is occupied by the sports bar/ restaurant with seating capacity of 300 plus on main foor, 244 seats on 2nd Floor and 50 seats at the patio. Professional kitchen with 12 ft exhaust hood and tons of equipment, 4 washrooms, 2 walk-ins. Another half is hotel with 18 rooms and a master apartment. The owner has owned this property and business for 10 years. The management team and proft are very stable. The annual sales are $1.4 million and the net proft is about $320k with the owner hands-off. The Owner is planning to retire and sell this property and business. This property has a great potential. **** EXTRAS **** All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence (id:27476)

For sale is a unique opportunity to acquire a high-end sports bar/restaurant and an 18-room hotel situated in the heart of downtown Parry Sound. The property spans 26,242 square feet and boasts approximately 20 parking spaces, with additional parking available at the front and back of the property.

The sports bar/restaurant occupies half of the property and features a seating capacity of over 300 on the main floor, 244 seats on the second floor, and 50 seats on the patio. The professional kitchen is equipped with a 12-foot exhaust hood and various other amenities, including 4 washrooms and 2 walk-in refrigerators. The remaining half of the property comprises the hotel, which includes 18 rooms and a master apartment.

Under the current ownership for the past decade, the property and business have demonstrated consistent management and profitability. With annual sales totaling $1.4 million and a net profit of approximately $320,000 under hands-off ownership, the property presents significant potential for further growth.

As the owner plans for retirement, the property is being offered for sale, presenting an exceptional opportunity for a new owner to capitalize on its potential. The sale includes all existing fixtures and fittings, and interested buyers are encouraged to conduct their due diligence.

Additional details of the property include a land size of 132.32 x 263.56 FT, a location at 72 James St. in Parry Sound, Ontario, and a postal code of P2A1T5. The property also features a total of 4 bathrooms and is fully air conditioned for comfort.