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 Buy a Canadian company Listing # 63128004
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Seasonal Cottage Rental Business - National Park

$999,000.00 (Cdn)

Seasonal Cottage Rental Business - National Park
Business Location: Nova Scotia
Postal Code: B2X
Relocatable: No
Business Categories:
Accommodation & Recreation
Real Estate & Rental Buildings
Here is a business that has received great love and care and is just at the beginning of reaching it's full potential. It is located in one of the most desired tourist destinations in all of Nova Scotia, and located at the heart of where so many want to stay and enjoy. All units have been completely overhauled in the past few years and are built to R-2000 specifications. 2016 saw all units receive heat pumps. 2015 saw a new office and owners' suite constructed.

This business operates from Early June - Mid October. Total of 5 staff required to run, in addition to owner (husband and wife). 3 housekeeping, 1 office staff, and 1 maintenance at 20-30 hours per week.

With the quality of improvements made in the past several years, a new owner will not have to worry for 20+ years on the major items.

Excellent occupancy rates year over year, room to increase the rates, as they have not been increased for 4 years. This is not because they can't be, but because the owners have been 'satisfied' and also want to leave some upside for an incoming owner.

Expectation is a hands-on owner will be able to generate in excess of $100k per year.

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