Tourist accommodation in Magog

Looking for a thriving vacation rental business with strong growth potential? Look no further than “Au Sommet du Lac Magog”. Located in the picturesque Magog region, this well-established business is a rare opportunity for investors wishing to invest in the tourism industry.
“Au Sommet du Lac Magog” offers a variety of vacation rental units, including a chalet, a condo and suites, to meet everyone’s needs. The accommodations are comfortable, well-equipped and offer magnificent views of the lake and the surrounding mountains. These premium accommodations offer modern conveniences such as fully equipped kitchens, comfortable living rooms and private patios.
The growing bistro-bar allows guests from the inn and even from outside to enjoy and quench their thirst on the most beautiful terrace in the region.
As an investor, you will benefit from the loyal and ever-expanding customer base, as well as its outstanding reputation in the hosting industry. With additional growth potential through digital marketing and targeted advertising campaigns, there are many opportunities to increase business revenue. With a prime location on the shores of Lake Magog, “Au Sommet du Lac Magog” is an exceptional vacation rental business that offers excellent growth potential for visionary investors or entrepreneurs.”

GENERAL INFORMATIONS

Type of business: Tourism and accommodation
Type of property: Business sale / Real estate sale
Sector of activity: Tourist accommodation
Reason for sale: Owners moving to Europe
Valuation report available for an amount of $2,330,000
Involvement of the seller after the sale: Available to succeed in a perfect transmission of his business
Financing conditions by the seller: Free assistance with the financial arrangement of MayDay Strategie, balance of sale possible.

COMPANY DESCRIPTION

In operation since: 2021 (Auberge) and 2022 (Bistro)
Stage of development: In full progress
Special features of the business: Exceptional natural setting for vacations, variety of rental units (chalet, condo, suites), modern conveniences, located near several outdoor activities (Bicycle paths, Proximity to mountain bike trails, Nautical Club – Watercraft rental (3 min.), Ice fishing, Golf courses nearby, Voisin Cep d’Argent (wine tasting), Mont-Orford (skiing, snowshoeing, hiking) The Bistro offers microbrewery beers on tap from the region, privately imported wines and a menu designed around local products.

HUMAN RESSOURCES

Management team: The 2 owners
Number of employees: 2 to 6 depending on the season + maintenance company

MEDIA

Company website: https://locationchaletmagog.com/
Facebook: https://www.facebook.com/ausommetdulacmagog/ (936 subscribers)
Reviews: Google 4.3/5, Booking 8.2/10, Facebook 5/5, Airbnb 4.73/5

MARKET

Market description: The tourism and accommodation industry in Estrie is constantly growing. The region is a popular destination for local and international tourists, offering a variety of attractions including national parks, lakes, mountains, and cultural and artistic events. Businesses in the tourism and accommodation industry in Estrie must meet the needs and expectations of visitors by offering a variety of quality accommodation options. The tourism and accommodation industry in Estrie is an important economic engine for the region. Businesses in the tourism and accommodation industry in Estrie are encouraged to continue to innovate and meet the changing needs of visitors, while preserving the region’s unique natural and cultural resources.

Clientele: The company targets a clientele looking for a quality stay in the region. Client groups include families looking for a family vacation, couples looking for a romantic getaway, groups of friends looking to vacation together, business travelers looking for comfortable accommodation for a short term stay or sports and outdoor recreation enthusiasts looking to explore nature, hikes, bike rides and other activities. The company is also very successful with groups for the exclusive rental of the site: Weddings, corporate reunions, end-of-year parties and birthdays.

Description of competition: The tourist accommodation market in Estrie is competitive, with a variety of options available to visitors. However, “Au Sommet du Lac Magog” stands out from its competitors thanks to its exceptional location, offering a panoramic view of Lake Magog and the surrounding mountains, as well as its range of amenities.

Market Opportunities: The clientele seeking high-end vacations and a personalized experience is constantly growing. “Au Sommet du Lac Magog” can therefore focus on offering exclusive and tailor-made experiences. The company can also exploit the opportunities offered by new technologies and online platforms to reach new customers and develop its online presence. Social media and online booking sites can help the business gain exposure and promote its services to a wider audience.
In addition, zoning allows construction and addition of rental units to increase capacity.

Finance

Breakdown of income: Accommodation 60%, Bistro 25% and Group/Event 15%
Year end date: December 31
Permits/Licences: Alcohol, restaurant and short-term rental

DESCRIPTION OF THE PREMISES

Type of property: Inn and bed and breakfast
Number of non-residential premises: 3
Number of bedrooms: 12 (21 bedrooms including those in the chalet and the condo)
Total building area: 13,190 sf
Land area: 207,094 sf
Zoning: Residential, Commercial, Public, Industrial, Agricultural, Secondary Dwellings

BISTRO-BAR SECTION

Number of seats on the terrace (the most beautiful in the region): 73
Number of interior seats: 44
liquor license

VISITS

Discretion requested​

	Benjamin Espaze Real Estate Broker RE/MAX L’ESPACE 514 581-9116