Established Canadian businesses - For Sale by Owner - in Canada
Listing # 63128008
Business For Sale
75 Plus Unit Hotel
Business Location: Nova Scotia Postal Code: B2X Relocatable: No
Accommodation & Recreation Real Estate & Rental Buildings
This is a brand new listing, please bare with us while we add in all the details. Listing
price is $3.5M for assets.
The sale of this 2 story hotel, single fixed roof building, concrete construction, is being
structured as a sale of shares. The seller is open to an asset if preferred. The property is
in excellent condition and has seen in excess of $400k in Capital improvements in the
past 3 years.
A full package and overview will be provided to a qualified buyer. The minimum
expectation is for a prospect to prove $1.3M in equity before release of information.
Average annual room revenues for the past 6 years = $1,290,000
Normalized EBITDA for the past 6 years = $375k
Room revenues are well diversified, from commercial/professionals, contractor, tourism,
and sporting teams.
MARKET & COMPETITION
Hotel property sits on approximately 2.4 acres, offering highway frontage, and is
serviced by city water and sewer. Additional, neighbouring parcel of land, is
approximately 2 acres.
The property is concrete construction, single fixed roof, interior corridors.
- Renovated rooms and lobby
- Breakfast room
- Nearly $400k in recent expenditures.
- Ample parking for all vehicles
For further information - Contact the Broker/Agent:
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shown in this "Business For Sale" listing. We provide advertising
space only - we are not business brokers. We do not verify the Seller's
authority. The Buyer should contact the Seller directly and verify the
accuracy of all information to his/her own satisfaction.