Acquisition Opportunity – Searchmont Ski Resort

Acquisition Opportunity – Searchmont Ski Resort

Price: $2,500,000

Location: Northern Ontario, Ontario

Industry: 71392 - Skiing Facilities

Listing ID: 1384214000005398011

Listing Description

Searchmont Resort is one of the top winter attractions in Northern Ontario and has the highest vertical elevation in the Midwest (over 700 feet), as well as the highest summit in Ontario (over 1,600 feet). The Resort is located in the Algoma Highlands approximately 40 kilometers northeast of Sault Ste. Marie, Ontario, and less than an hour drive from the Michigan border. The Resort offers a number of amenities including 18 downhill trails (8 of which are at least a kilometer in length) serviced by a Double, Triple, Quad and Poma lift. Slope-side accommodations include 12 Villas and 5 Chalets, and a 20,000 square-foot Base Lodge and Restaurant with seating for up to 700 guests. The Resort is one of two provincially recognized regional training centers for Alpine Ontario, and hosts a number of events and competitions, including the 2019 Special Olympics Ontario Provincial Winter Games. The property has significant potential for further development, which provides a new owner with a wide range of opportunities from real estate developments to additional amenities.

Listing Details

Total Sales: $1,544,000

EBITDA: $268,000

Operation

Year Established: 1957

Employees: 80



Broker Info

Steve Renelli

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