Situated on a km of lake front property on much desired Lac Des Iles, SK;

Only a 360 km drive from either Saskatoon or Edmonton;

On the Edge of Canada's Pristine Boreal Forest; and

after 31 years in business we are

For Sale

Disclaimer

Please note the forms and information attached for the sale/ purchase are based on the recommendations of independent organisations, it is up to the purchaser to conduct their due diligence to ensure they have all the necessary information they need.

Having spent 32 years developing and managing the resort with our family, it is time for a change and to allow someone else to make their mark.

 

Thank you for your interest in our business and sale offering and if you are interested in pursuing this great family business opportunity, we look forward to providing more information.

 

Step One: First, please send a brief email to forsale@ncresort.com with information about the size of business you're looking to acquire, your cash investment plans, your ability to back a loan, if one is necessary, with collateral security and a short description of yourself

 

Step Two: If  it looks like our resort would be a good fit for you, we will ask you to sign and notarize a Non-Disclosure Agreement between yourselves and us (like this  Non-Disclosure Agreement).

 

Step Three: We will email you a Sales Memorandum outlining our asking price, preliminary details about the business and a three year cash flow/revenue analysis (like this example Sales Memorandum), condensed financial statements for the past three years and the appraised value of Northern Cross Resorts Ltd., which was done by independent third-party M.I.T. Appraisals of Lloydminster, AB in June of 2018.

 

Step Four: We can schedule either a viewing and personal meeting (May 12 to Sept 9) or a viewing (Sept 10 to Apr 25th - weather permitting) and a phone or video conference meeting (October 20 - April 25th). (We winter in the Okanagan, so a fall, winter or early spring personal meeting is more difficult.)

 

Step Five: We will ask for a $300 non-refundable deposit that will be applied against the purchase price and email you detailed financial statements for the past three years and a detailed copy of the M.I.T. Appraisal.

 

Step Six:  We will ask for a further $700 non-refundable deposit that again will be applied against the purchase price and provide you with our Quickbooks detailed files covering the last three fiscal years and we will ask you to provide an Equifax Credit Report and Score (independent third-party), which can be obtained by clicking on this link Equifax Credit Report and Score.

 

Step Seven: Once a final price is agreed upon (whether it will be an asset or share purchase), contingencies, covenants, warranties, transitional issues, discussion about the presence of the current owner for a transitional period, other terms, a deposit amount to hold the deal and final payment terms, we will sign a Letter of Intent (example Letter of Intent - Assets or Letter of Intent - Shares).

 

Step Eight: We will both complete a Due Diligence Check List (example Due Diligence Check List).

 

Step Nine: We will sign a Purchase Agreement (example Purchase Agreement - Assets or Purchase Agreement - Shares).

 

Take control of your New Life and Make Your Mark!