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Arts & Recreation

Well-Established Sheridan Lake Resort In 100 Mile House

One Hundred Mile House, BC, CAN
Listed 318 days ago

SHERIDAN LAKE RESORT $3,500,000 Hello, we are Titus and Tammi Midgley. We have owned Sheridan Lake Resort (SLR) Since 2018. It has been the happiest and most rewarding time of our lives and careers. We have decided to retire and are now ready to offer this amazing lifestyle to you to make your exciting change! This package we are sharing is to provide you with some initial information about the property and business. We are pleased that you are interested and will help you with any questions you have. We are an organized, well run and profitable resort sitting on just over 8 acres of land on the shores of Sheridan Lake. We have increased our accommodation revenue over 100% since we took over in 2018. This year we are currently we are seeing a good increase over last year. There are opportunities to be busier, but we chose to keep it where we are at because we are as busy as we want to be. We have included a list of ideas that will immediately and over time increase revenue if that is your goal. We manage to fund all maintenance, repairs and improvements on our own while still allowing ourselves an income. We also enjoy a nice holiday every winter. We have a staff of 9 plus the two of us. Most of our staff return every year, so are experienced with the running of the resort. We typically have 2 yard/maintenance staff, 4 cleaners for cabins and washrooms and staff that assist in the store/office. Many of our guests return every year, some have been coming for 30 – 40 years. We have a mix of both long term and short-term guests. We host serious anglers, recreational anglers, families vacationing, European Tourists as well as the annual Fishing Highway 24 Ice Fishing Derby and the Annual International Navy Divers Ice Dive Exercise. Our guests book their following years’ stay during the current year to be sure they get their chosen Cabin or site. We have financials to provide to serious inquiries only upon signing a non-disclosure agreement. We would be happy to talk to you and answer any questions you have. We are available anytime, to arrange a time to chat. Text us at one of the numbers below, so we can free up time for you! Sheridan Lake Resort on BC’s famous Fishing Highway 24 with picture perfect scenery and trophy Rainbow Trout fishing could be what you call “the office”! You can be your own boss of this well known and successful resort while enjoying a laid-back, outdoor lifestyle. Sheridan Lake Resort is an 8-acre property with 19 Cabins, 84 RV sites and a 36-slip marina. Only 5.5 hours from Vancouver, 2 hours from Kamloops or 30 min from 100 Mile House, the resort is a yearly draw for repeat guests, visitors and tourists from all parts of Canada, USA and abroad for over 70 years. Located in the heart of British Columbia’s picturesque Cariboo Country, Sheridan Lake Resort is located just off scenic paved Highway 24 that traverses the Interlakes area between Lone Butte to the West and Little Fort to the East. Travelling through aspen forests past dozens of productive lakes, the region surrounded by 5000 lakes is renowned among anglers for its trout fishing and its vacation and recreational opportunities. Sheridan Lake is one of the largest in the area at 1,659 hectares (4,098 acres) and is spring fed with miles of shoreline and shoals. It is stocked with 300,000 fry annually, many reaching trophy size. This first-class resort has 19 cabins all with full kitchens and running water, 14 with bathrooms, 5 without and includes a newly renovated 4 bedroom, fully accessible bunk house. The 84 RV sites have 30A power and water and the 36-slip marina is situated in a protected bay and has a large breakwater. In recent years the resort has undergone significant renovation and capital improvements. See page 4 for a summarized list of improvement. Significant grading, RV site expansion and leveling has been completed around the property as well as significant landscaping improvements including new trees, shrubs and gardens, a walking trail, a new fence around the entire property and an off-leash dog park. Other improvements include a website, reservation software to manage bookings and allow guests to book on their own, phone system, security cameras and free guest WIFI – a must have these days. The 1600 sq ft newly renovated owners/managers home has a stunning southern view of Sheridan Lake and surrounding forest. It offers 2 bedrooms, 2 bathrooms, a bright, beautiful kitchen with new appliances, office space, laundry room with new appliances, 2 decks, hot tub, attic and basement storage. The basement (lower level) also serves as the fully renovated Resort office and store. The store has expanded its retail items and proves to be profitable. Sheridan Lake resort has everything a guest desires from Cabins, waterfront sites, grassy sites or group sites to boat rentals and swimming area all in this ample, well kept, attractive acreage. Guests enthuse “the grounds are always neatly manicured and tidy. The RV camp sites are level and well laid out, their services are trouble free, and the washrooms were super clean. The sunsets are spectacular!” For a great fishing experience, the resort has a fully stocked tackle shop, an excellent boat launch and reserved dock space or boat/motor rentals a fish cleaning station and freezer space. The avid boater/angler’s craft is safely secured in the marina and close to the fishing grounds and many islands that are perfect for exploring. Sheridan Lake Resort is possibly the most famous resort in the South Cariboo rewarding anglers with a history of 15lb Rainbow Trout and consistently producing trout in the 3-5 lb range. If you seek more than fishing, Sheridan Lake Resort sits on a quiet section of the lake allowing for fantastic kayaking, canoeing and stand-up paddle-boarding. If you seek more adventure, Sheridan Lakes warm and protected waters are excellent for skiing and wakeboarding. The lakes clean and clear waters are spring fed which maintains a much warmer temperature than nearby South Cariboo lakes. Sheridan Lake is situated near ATV and snowmobile trails that stretch for hundreds of kilometres. There are many smaller lakes and guest ranches close by, which offer other experiences like horseback riding, ATV tours and other authentic cowboy experiences. Within 30 minutes you will find several restaurants, retail, trails and golf. Own this perfect acreage, fishing mecca and profitable business so you can enjoy perfect days out on the most scenic, peaceful lake, catching the most stunning rainbow trout followed by a campfire surrounded with family and friends. Small campground of the year Canadian Camping and RV Council We are now charging a $150.00 deposit at time of booking rather than waiting until 2 weeks prior to the booked stay dates. We will also now be taking full payment 2 weeks before their stay. This means that there will be money in the bank for you when you take over. We have also introduced cancellation protection which is no cost to us. It will protect guests who purchase the protection, allowing them a refund for cancellations and a payment to us when someone cancels. It is a Definity a win/win! Full list of all improvements. available upon request. A detailed list of what is included and not included with the sale. This can be provided once NDA is signed

Location

Sheridan Lake Lone Butte BC

Employees

9

Home Based

This business can be run from home.

Real Estate

Real Property Included

Trading Hours

24/7 with office hours Sunday to Wednesday 8 -5 and Thursday to Saturday 8 - 7 84 RV sites May to Oct, total of 19 cabins - 13 open all year and 6 are May to Oct Online booking software

Years Established

65+

Support & Training

training can be negotiated

Size In Square Feet

1,600

Living Accommodation

living is above the store fully renovated with living room, kitchen, master bedroom with walk-in closet and ensuite bathroom with shower, second bedroom with closet, main bathroom with bath tub/ shower, laundry room shared with resort washing, private office, front deck, side deck with hot tub

Inventory / Stock Value

$60,000 (CAD)

Reason for Selling

time to retire

Financials

Asking Price
$3.5M
RevenueMost Recent Year
Undisclosed
EarningsLast Reported
Undisclosed
Assets ValueNot Included in Asking Price
$5,000
Seller Financing
Not available

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