Established Canadian businesses - For Sale by Owner - in Canada
Listing # 72523002
Business For Sale
Turnkey, Profitable 16 room Motel for sale in Shellbrook, Sask.
Business Location: Saskatchewan Postal Code: S0J Relocatable: No
Accommodation & Recreation Transportation & Travel
This business offers an exceptional opportunity to live and work in a comfortable small town in Saskatchewan. It is well located within 30 min of Prince Albert, SK. The motel is in excellent repair and offers clean and updated rooms for rent. There are 16 rooms with room to expand the business. The roof has just been reshingled in spring of 2017.
There is also a residence for the owner to live. It is nicely updated and well appointed complete with 3 bdrms, full basement
and private backyard space.
This business has been established since the early 1970's and is running at a 10-12% capitalization rate. There is a steady stream of business throughout the year and there is additional business in the spring and summer months. This motel is profitable and has been well maintained so it is an enjoyable place for patrons to stay. Annual revenue is $364,000 (based on past 4 yrs) Financial info will be provided to qualified interested parties.
MARKET & COMPETITION
This is the only motel in Shellbrook. We service a lot of construction workers that work in the area. We also host many medical personnel that are working at the hospital. In the summer we host many people that are visiting locally or travelling to the northern lake country. We also offer spill over rooms when Prince Albert accommodation is full. There is a lot of untapped business potential.
INCLUDED, EXCLUDED & OPTIONAL
- INCLUDED in the Price -
Terrific Motel business in Shellbrook, Saskatchewan. 16 Motel Rooms plus attached family residence. 100% turnkey operation with 10% - 12% capital rate. Financials will be provided to interested and qualified parties.
Motel includes: 16 Rooms -- All with wheel chair access Consists of: 1 Single queen executive kitchenette suite with satellite HD TV 4 Double queen kitchenette suites 11 Double queen standard rooms with microwaves, fridge, and coffee
station All very clean and updated. 3 bdrm residence.
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