For over 70 years Rainy Lake Sports and Tackle has been a well-established outdoors oriented store located on the shores or Rainy Lake, here in Fort Frances Ontario Canada. The present building was built entirely new from the foundation up in 1997. The retail space is about 2800 sq. feet with a 1050 sq. foot garage.
The store has a secondary water source, a 460 foot well that is used for quality, chlorine free, cold water that is used to properly maintain the live minnows and leeches. This Well could also be excellent for use with a geothermal heat pump in order to heat and cool the entire building if one chose.
The property has in the past, operated as a retail fuel station but has recently had a full environmental clean-up in order to assist future owners in attaining financing for purchase. Revisiting the idea of expanding again into the fuel business could be done after purchase.
The upstairs 2300 sq. foot owners' suite is well appointed. There are three large bedrooms and three full bathrooms, the exercise room could be used as a fourth bedroom. The open concept kitchen and living room is spacious and there is also a dedicated and separate office area.
We are the largest Fishing and Hunting License Issuer in Ontario and the largest bait retailer in the district. The business includes the exclusive rights to trap live bait from the 12 Minnow/Leech harvesting blocks which supplies the store with its live bait. In addition, 3 other reliable trappers dedicate their catches, from their trap grounds to the retail store in order to keep up with demand during the extremely busy season.
The store is a designated Canada Customs entry point for float plane and boat traffic here on the Canadian side of Rainy Lake. Additionally, there is ample dockage in front of the store on the water.
We sell a wide array of hunting and fishing products in addition to the general everyday confectionary items. Fishing products we carry include St. Croix fishing rods, Berkley tackle, bait, rods, accessories and much more. Our hunting merchandise includes a full line-up of Browning hunting apparel, accessories, everyday clothes such as t-shirts, hoodies and hats as well as licensed products including thermal mugs, dog care and automotive accessories. Firearm brands include Browning, Savage and more as well as ammunition for many calibers of firearm. We are also an authorized dealer for Excalibur Crossbow. The store usually carries about $200 000 dealer cost in inventory.
The attached garage has ample space for additional inventory storage. There is equipment for making cube and block ice as well as the additional bulk live bait storage tanks. The property has more than enough parking and space is available for an expansion or addition like a car wash for example. All the chattels could be included with the purchase to operate this corporation to its fullest.
This is a rare opportunity for an enthusiastic person or persons to operate a family oriented business, and the timing is right! The business has proven positive growth over past years even during the economic hardship the town has endured over the last 2 years. The community is once again on an economic upswing and all indications show this trend to continue. The reintroduction of the Spring Bear hunt is also sure to increase economic opportunities as non-resident hunters are now able to participate.
The Fort Frances area itself has had much development as a result of the local Gold Mine just west of town in addition to the anticipated developments with the local Pulp Mill that has been idle for about 2 years. As a result, housing demand and pricing has been increasing. All indications show that the 4 lane highway from Minneapolis MN to International Falls MN will be totally completed within a few years. Cobblestone Hotel and Suites is planning to build their flagship hotel, an 88 unit hotel with 300 person banquet room adjacent to the new Voyageur National Park Headquarters. There are also resort suites and a marina in the planning for this area. This development is all located right across the river from Rainy Lake Sports and Tackle and would use our dockage at the store as we are the gateway for entry into the Canadian side of Rainy Lake!