Bakers Narrows Lodge

Bakers Narrows Lodge Purchase Opportunity• Family owned fishing lodge

•20 LHK Cabins•10 – 16’ boats c/w motors•2 – Pontoon Boats•Piers and Filleting Sheds•Restaurant•Lounge•Convenience Store•Convention center•3 – homes for staff•Owned land on 20 acres

• For sale due to health reasons • Rated as one of the top North American fishing camps• Year round recreation

•Fishing•Boating•Hunting•Sledding

Baker Narrows Lodge Location

- 7 hrs driving from Saskatoon Sk. On the Hanson Lake Road.

- 10 hrs. driving from Winnipeg

- Direct fight ( Calm Air ) from Winnipeg to Flin-Flon airport ( 3 km from lodge ) (1-1/2 Hour Flight)

- Float Plane accessible with sea-port

- Access to Three Fly-In lakes

Initial PurchaseLand $ 550,000

Boats and Engines $ 150,000

Equipment $ 50,000

Buildings $ 1,500,000 Vehicle $ 20,000

Furniture & Fixtures $ 150,000

Goodwill $ 580,000

Total $ 3,000,000 Funding:

•Owner Equity -$1,000,000

•Bank Loan -$2,100,000

Land18%

Boats and Engines

5% Equip.

2%

Buildings50%

Vehicle1%

Furniture & Fixtures

5%

Goodwill19%

Purchased Assets

The Offer

Baker’s Narrow Lodge Organizational Structure

Joe Moser Outfitting Manager

Cabin and Lodge

Maintenance

Rental Boat Service and

Maintenance

Guides and Pilots

Bernie MoserService Manager

Restaurant, Catering and

Shop

Chef and Serving Staff

Front Desk and Store

Housekeeping and grounds

keeping

Notes: Set up as CorporationAgreement will be in place for buy-out

Owners and Hosts

Bernadette (Bernie) Moser• U of S - Certificate in Business Administration• Saskatoon Business College – Administration• Business Owner/Operator – Custom Seamstress and seamstress training• Business Administrator – Kent and Sons Stoneworks• Office Administrator – KeyWest Engineering•Various Boards• President – Holy Cross Band Parents

Association• Saskatoon Junior Huskies Wrestling

Joe Moser P.Eng.• U of S – BSc. Mechanical Engineering• U of R – Certificate Business Administration• Manager Business Development – Potash Portfolio – Wardrop / Tetratech• Co-Owner / Manager – Crown Store-All Facilities / SecureShred• Plant Superintendant / Manager – Dominion Bridge• Various Boards• President - Usadian Executive Association• Treasurer - Rotary Club of Saskatoon North• Saskatoon Rugby Association

Value Proposition

Provide the superior Fishing and Outdoor experience with your entire family.

Competitive Advantage

•Accessibility to major centers•Family oriented amenities•World Class Fishing resource•Modern Facilities•Reputation

10000; 20%

5000; 10%

15000; 30%

15000; 30%

5000; 10%

Marketing

Web Page

Fishing Journals

Conferences

Television Shows

Sponsorships

Cost Breakdowns

281000; 29%

114000; 12%

160000; 16%

240000; 25%

184000; 19%

Salaries

Fixed Opera-tions

Variable

Capital

Mortgage

Total Yearly Costs - $979,000

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 $-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$864,610 $903,045

$943,723 $986,798

$1,032,436 $1,080,813

$1,117,549 $1,155,644

$1,195,154 $1,236,135

Yearly Gross Revenues

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

$(50,000)

$-

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$(48,739)

$38,730 $50,302

$109,685 $119,141

$184,377

$231,174 $228,137

$281,430

$329,236

Net Income

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 $-

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$253,461

$154,366 $142,635

$223,801 $200,055

$292,297 $315,344

$286,107

$371,549 $399,402

Cash FlowCa

sh

With 18% ROI required NPV = $364,000

IRR = 19%

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

(0.10)

(0.05)

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

(0.05)

0.04 0.05

0.11 0.12

0.18

0.23 0.23

0.28

0.33

Return on Equity Ratio

Owner Equity - $1.00 MM

2011 2012 2013 2014 2015 2016 2017 2018 2019 20200.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

0.68 0.67 0.650.62

0.59

0.54

0.48

0.42

0.36

0.30

Debt Ratio

Original Debt Requirement - $2.1 MM

New Initiatives to increase revenue

• Snowmobile Rentals and Tours

• Ice Fishing Hut Rentals

• Full Time Lounge

• (Future) Ski Boat Rentals & Equipment

Thank-you for your attention and we look forward to seeing you at our Lodge.