zoso Posted February 6, 2018 Share Posted February 6, 2018 https://www.kijiji.ca/v-commercial-office-space/sudbury/motel-restaurant-for-sale-in-greater-sudbury/1314846045?enableSearchNavigationFlag=true Link to comment Share on other sites More sharing options...
soupkids Posted February 6, 2018 Share Posted February 6, 2018 Wow, seems like a lot for the place to me but it always seems to be busy even in the summer. Link to comment Share on other sites More sharing options...
thetorches Posted February 6, 2018 Share Posted February 6, 2018 42 minutes ago, zoso said: https://www.kijiji.ca/v-commercial-office-space/sudbury/motel-restaurant-for-sale-in-greater-sudbury/1314846045?enableSearchNavigationFlag=true So. Did you pay full price. Link to comment Share on other sites More sharing options...
soupkids Posted February 6, 2018 Share Posted February 6, 2018 No need to. I live 10 mins away Link to comment Share on other sites More sharing options...
Viperules700 Posted February 6, 2018 Share Posted February 6, 2018 7 minutes ago, soupkids said: No need to. I live 10 mins away i thought Sudbury was cheaper. Elliot lake you could get a huge palace forĀ 2.2 million.Ā I have no idea what revenue would be like on that investment. Seems like it would take a long time, to make any money.Ā Link to comment Share on other sites More sharing options...
slowbutsure Posted February 6, 2018 Share Posted February 6, 2018 So we can all stay at Soupkids place. Ā And not have to drop two million. Ā Link to comment Share on other sites More sharing options...
soupkids Posted February 6, 2018 Share Posted February 6, 2018 I do have couches Link to comment Share on other sites More sharing options...
PISTON LAKE CRUISER Posted February 6, 2018 Share Posted February 6, 2018 6 hours ago, slowbutsure said: So we can all stay at Soupkids place. Ā And not have to drop two million. Ā And since you are in TO you can host for Jays and Leafs OK? Link to comment Share on other sites More sharing options...
zoso Posted February 6, 2018 Author Share Posted February 6, 2018 16 hours ago, soupkids said: Wow, seems like a lot for the place to me but it always seems to be busy even in the summer. Almost every single night year round they have no vacancy and the every time I have eaten there it was busy. 2.2 is steep. Ā Link to comment Share on other sites More sharing options...
Puggz Posted February 6, 2018 Share Posted February 6, 2018 stayed there last weekend.Ā Great place for the sledder.Ā On face value it seems high but I'd have to see the books.Ā Typical market price is 3x the annual revenue which comes in around $700k/year plus expenses so based on a full house every night at $80 per, the math doesn't work. Ā GLWS. Ā P. Link to comment Share on other sites More sharing options...
Viperules700 Posted February 6, 2018 Share Posted February 6, 2018 9 minutes ago, Puggz said: stayed there last weekend.Ā Great place for the sledder.Ā On face value it seems high but I'd have to see the books.Ā Typical market price is 3x the annual revenue which comes in around $700k/year plus expenses so based on a full house every night at $80 per, the math doesn't work. Ā GLWS. Ā P. Not manyĀ business returns that kind of revenue though. Probably just playing with market and see if anyone bites. It gets very tiring running these type of places.Ā Link to comment Share on other sites More sharing options...
zoso Posted February 6, 2018 Author Share Posted February 6, 2018 14 minutes ago, Puggz said: stayed there last weekend.Ā Great place for the sledder.Ā On face value it seems high but I'd have to see the books.Ā Typical market price is 3x the annual revenue which comes in around $700k/year plus expenses so based on a full house every night at $80 per, the math doesn't work. Ā GLWS. Ā P. The 2500 sq foot living quarters and restaurant revenues must also come into play as well when you look at numbers. Even so, 2.2 is way high IMO. It will not sell at that price.Ā Is it really only 80 bucks for a room there, no wonder it is full all the time. Link to comment Share on other sites More sharing options...
Sevey Posted February 6, 2018 Share Posted February 6, 2018 Don't under estimate the immigrant buyers. They all come here with decent money and recognize the value of these types of operations. Its an easy entry point for them to our market. MS Link to comment Share on other sites More sharing options...
zoso Posted February 6, 2018 Author Share Posted February 6, 2018 40 minutes ago, Sevey said: Don't under estimate the immigrant buyers. They all come here with decent money and recognize the value of these types of operations. Its an easy entry point for them to our market. MS It is an in for many, bring an investment, employ family. nothing at all wrong with the immigrants that do so, as a matter of fact it is just the kind of people we should be looking for. Link to comment Share on other sites More sharing options...
gtserider Posted February 7, 2018 Share Posted February 7, 2018 27 minutes ago, zoso said: It is an in for many, bring an investment, employ family. nothing at all wrong with the immigrants that do so, as a matter of fact it is just the kind of people we should be looking for. Except you can't get there.hwy 69 is closed again.I will not go into the reasons why. Link to comment Share on other sites More sharing options...
catinental couch Posted February 7, 2018 Share Posted February 7, 2018 45 minutes ago, gtserider said: Except you can't get there.hwy 69 is closed again.I will not go into the reasons why. Bad wreck.Ā Link to comment Share on other sites More sharing options...
zoso Posted February 7, 2018 Author Share Posted February 7, 2018 52 minutes ago, gtserider said: Except you can't get there.hwy 69 is closed again.I will not go into the reasons why. Another head on caused by an idiot. Link to comment Share on other sites More sharing options...
gtserider Posted February 7, 2018 Share Posted February 7, 2018 11 minutes ago, catinental couch said: Bad wreck.Ā Yes--fatalities and detour is hwy 11,We have several places there is no alternate.Shawnaga toĀ north ofPte au Baril. Link to comment Share on other sites More sharing options...
catinental couch Posted February 7, 2018 Share Posted February 7, 2018 About a three hour detour. 522 to 11 then south to 124 and go west to Nobel. Hell of a detour. There is a school bus up there waiting to get through. Link to comment Share on other sites More sharing options...
zoso Posted February 7, 2018 Author Share Posted February 7, 2018 8 minutes ago, gtserider said: Yes--fatalities and detour is hwy 11,We have several places there is no alternate.Shawnaga toĀ north ofPte au Baril. We got stuck detouring over to 11 about three times, makes for a long day. Link to comment Share on other sites More sharing options...
gtserider Posted February 7, 2018 Share Posted February 7, 2018 11 minutes ago, zoso said: Another head on caused by an idiot. Can you tell me why the hwy is not 4 lanes? I know why . Ā 6 minutes ago, catinental couch said: About a three hour detour. 522 to 11 then south to 124 and go west to Nobel. Hell of a detour. There is a school bus up there waiting to get through. I know all to well I live on the hwy Link to comment Share on other sites More sharing options...
gtserider Posted February 7, 2018 Share Posted February 7, 2018 The detour can be cut short by usingĀ Carling trail 401. Not sure what the ITG says but it was freshly groomed last night. Link to comment Share on other sites More sharing options...
zoso Posted February 7, 2018 Author Share Posted February 7, 2018 2 hours ago, gtserider said: The detour can be cut short by usingĀ Carling trail 401. Not sure what the ITG says but it was freshly groomed last night. lol Link to comment Share on other sites More sharing options...
zoso Posted February 7, 2018 Author Share Posted February 7, 2018 3 hours ago, gtserider said: Can you tell me why the hwy is not 4 lanes? I know why . Ā I know all to well I live on the hwy So you are "native" to the area..... Link to comment Share on other sites More sharing options...
catinental couch Posted February 7, 2018 Share Posted February 7, 2018 8 hours ago, gtserider said: The detour can be cut short by usingĀ Carling trail 401. Not sure what the ITG says but it was freshly groomed last night. I didn't think school buses were allowed on the snowmobile trails. Link to comment Share on other sites More sharing options...
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