On Brackley Point Rd on the right when driving from Charlottetown. Sign for Millstream Cottages. Brackley Beach is the perfect home base for a hospitality venture, located just moments from the National Park beaches and a quick drive to Charlottetown. Millstream Cottages is a meticulously maintained operation that has undergone significant, high-quality capital improvements over the past 5 years, leaving the property in excellent physical and functional shape. The transition for a new owner is remarkably straightforward, as the business is already staffed and boasts a strong booking calendar for the upcoming 2026 season. Investors will find value in the diverse layout, which includes 17 cottages and several rental suites offering a blend of seasonal tourism and reliable long-term income. Efficiency has been a priority here, with recent upgrades like heat pumps, propane water heaters and new metal roofing to help keep overhead manageable. The owner's residence is a standout feature: a high-end three-bedroom home with thoughtful touches like heated bathroom floors and a private steam shower. The business is truly turnkey, sold with an extensive list of assets including a heated pool, a pickleball court, a fleet of bikes and kayaks, mowers and golf carts. Financially, the operation shows consistent strength with a healthy net operating income and a high rate of direct, recurring bookings. Profitability is driven by multiple income streams, including short and long-term rentals and equipment leasing, with ample room for growth in each category. This is a rare chance to take over a very profitable and well-loved island business. Reach out for the full financial package and to see why this is the best opportunity on the North Shore. (id:27476)
