101 Water St Ontario, WI 54651
This exceptional turnkey business opportunity encompasses a thriving canoe, kayak, and tube rental operation situated on a 2.5-acre lot at 101 Water Street in Ontario, Wisconsin. The property, totaling 2,048 square feet, is ideally located in the heart of the Driftless Area, providing easy access to the historic Kickapoo River. Boasting over 31 years of continuous operation under the same ownership, this well-established business, known as Driftys Canoe, Kayak and Tube rental, enjoys significant brand recognition throughout the upper Midwest. The sale includes a complete inventory of fully equipped Old Towne canoes, kayaks, and tubes, ensuring a seamless transition for the new owner. Furthermore, a fleet of buses is included, facilitating efficient transportation for customers. The business's consistent profitability is well-documented, making this a rare and attractive investment. The current owner is motivated to sell due to health and personal reasons, presenting a unique chance to acquire a successful and established enterprise in a highly desirable location. This is a truly exceptional opportunity to own and operate a profitable business with a strong reputation and loyal customer base in a picturesque and popular recreational area. The sale price is $570,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.