Established Canadian businesses - For Sale by Owner - in Canada
Listing # 63128011
Business For Sale
35 Plus Unit Motel and Cottages
Business Location: Nova Scotia Postal Code: B2X Relocatable: No
Accommodation & Recreation Real Estate & Rental Buildings
If you've been looking for a motel and cottages business that has established reputation,
a strong performer, requires no immediate improvement, and you can just walk in and
provide your personal touch and attention to continue growing a well established
business, this is certainly worth looking into.
A full overview of the property, it's operations, mechanical systems, financials, and the
surrounding market and demographics is available.
Revenues from this property are rooms only. 2016 is expected to exceed $700k, given
the addition of 3 brand new 5-star suites. 2015 revenues were $650k.
Net Operating Income for 2015 and 2014 was in excess of $190k.
The minimum equity expected from a prospective buyer would be $750k.
Owner's quarters on property.
MARKET & COMPETITION
- Many will appreciate, this is a rooms only operations, with no food services other than
a continental breakfast.
- There is a good staff of 12 (high season) full and part timers supporting the daily
- The revenue base is year round and comes from various segments of the market.
There is a good commercial trade for this property including construction and
professionals, in addition to a strong tourism trade.
For further information - Contact the Broker/Agent:
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authority. The Buyer should contact the Seller directly and verify the
accuracy of all information to his/her own satisfaction.