King Bethune House, Guest House & Spa, is located in the vibrant downtown core of Peterborough, Ontario, Canada in a double brick century house built by a lumber baron and restored to meet the needs of the contemporary traveller. Currently operates as a Guest House or Bed and Breakfast. Clients include vacationers and an equally strong base of corporate and business travellers mid-week. Operations include spa services with AVEDA Aromatherapeutic products and treatments. Accommodatiion services currently are self-supporting with a moderate profit. Building and business have the potential to operate as a full service spa.

A viable and successful self-supporting business that has heritage building features and a solid repeat client base with the potential for expansion.

ASKING PRICE:

$899,000 Cdn. includes building, furnishings, fixtures, inventory, business website, client list, business records. A turn-key operation, Included see below. Curent owner will assist transition.

BUSINESS ADDITIONAL INFORMATION

REAL ESTATE INFORMATION

HOUSE: brick built 1890, 2800 square feet, original lath & plaster throughout, stained glass windows. transoms, 4 upstairs bedrooms plus 1 suite in lower floor, 4 bathrooms, 1 powder room, office, dining room, kitchen with wood burning fireplace includes a gas stove with electric convection oven. Original moldings and wood trim, electrical and plumbing to code, central air, high efficiency gas furnace with hot water radiator heating, (Vacuflo) central vacuum, wrap-around porch, garden shed, firewood shed, outdoor electrical outlets and water taps. Driveway with parking for 4 vehicles

LOT SIZE : approximately 50 x 90 feet

MORTGAGE: Clear

COMPETITION MARKET

Peterborough, a city of 82,000 is located in the Kawartha Lakes tourism area one and one half hour drive from Toronto. Home to a university, community college, Ontario government ministry (Ministry of Natural Resources), the DNA cluster which focuses on animal forensics and an industrial base of companies with a strong engineering component in the aerospace, automotive and robotics sector. Peterborough is also the regional seat of government, social services and health care and serves a population of approximately 150,000.

Regional tourism competition is cooperative. Tourism is year round, although busiest during the summer and fall colours seasons; King Bethune House bookings are consistent month to month and remain busy year-round.

Two chain style hotels in the downtown core are the primary accommodation competition. No other B&B is located in the downtown area.

Year round guests include corporate executives, education, government and business managers and sales reps from a variety of industries. Other guests include people relocating to the area -- such as new employees of businesses, retirees from Toronto and elsewhere, students and their families from Trent University and Sir Sandford Fleming College -- and travellers visiting for cultural tourism.

Cultural tourism includes heritage and art museums, theatre, dance, literary festivals, a documentary film festival, Indgenous communities, agricultural fairs, food interests include dozens of chef-owned restaurants as well as a year-round Farmer's Market, entertainment and family events, amateur and professional sporting events (two city based professional sports teams), outdoor enthusiasts and people travelling to explore the natural areas by car, sled, ski, bike, boat, canoe or on foot. Both the Trans-Canada Trail and the Trent/Severn waterway run through the heart of the city.

EXPANSION POTENTIAL

Property includes additional 1200 square foot unfinished attic with expansion potential of 500 square feet with a 10 foot ceiling. The attic could be converted into an additional luxury suite or a living space for a owner/family with a private entrance through door on second floor. Attic space could also be developed into a self-contained executive apartment with long-term rental potential.

Business could easily be converted to a full service spa.

WEBSITES

Business currently owns and manages two separate websites.

The first markets both accommodation and spa servicess for King Bethune Guest House & Spa.

The second markets Peterborough and the Kawartha Lakes as a destination and provides marketing services to other local area Bed and Breakfast as well as long term accommodation services - this website is not included in the sale of the business.

INCLUDED/EXCLUDED FROM SALE OF BUSINESS

Full list provided for serious inquiries only.

CONTACT NAME

Marlis Lindsay