Business Type Hospitality Motel & Restaurant.
Price $3,495,000
Revenue Available on request
Cash Flow Proforma:$437,727
Years in Business Proforma ROI: 12.70%
Inventory .
Type of Sale Share


Penticton B.C. - Located across the street from the sandy beach of Okanagan Lake. 80 seat Restaurant with 60 seat patio steps from the lakeshore. 30 units, plus 3-bedroom owner's spectacular lake view suite and 2-bedroom manager suite, salt water pool. Very clean and well kept property ion 1 acre of PRIME real estate with great re development potential! Easy walk to downtown Penticton and all downtown amenities. Close to convention centre and the awesome South Okanagan Events Centre. This is a great place with upside. Repeat clientele year after year.

Facilities: - Renovated and clean cottage style units - each unit has lake view
- 11 - 1 Bedroom Suites
- 2 - 2 Bedroom Suites
- 15 - Single and Double Queen Rooms
- 1 - Large 2 Bedroom Lakefront Room
- 1 - Studio Lakefront Room
- 1 - Large 2 Bedroom Manager's Suite
- 1 - Beautifully Updated 3 Bedroom, 2 bath, Lakefront Residence , Spectacular view (approx. 1750 Sq. Ft.)
- 1 Office and On Site Laundry Room
- East and West wings built 1960's and Suites in mid 80's

Growth/Expansion: CT 1 Zoning - Future Re Development

Reason Selling: Current owner ready to retire and travel

Posted Jul 14, 2016

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