Ocean Front Hotel
Location British Columbia,Canada
Asking Price Range $2.5M - $5.0M
Gross Revenues $485000
Net Profit / Cash Flow $185000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1980
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Available.
Reason for Sale Other business interests.
Description This rare oceanfront hotel with property is located near one of the most popular, beautiful National Parks in Canada, attracting over 1 million visitors per year. The current owners have enjoyed the wonderful lifestyle provided by this business. Peak season is March to October. This 13 unit hotel has a very high average annual occupancy rate of 70%. The property can expand to double its current size. There is a good manager in place, thus the owner is not required to be the business operator. Tour bookings are a major source of revenue.
Not included in this offering but available from the seller is an adjacent 1/2 acre of waterfront land ready for development. Combining the two land parcels should enable the re-development of this business to a 50 unit property. Email or call John Mostowich at 604.696.6111 for more information on this Ocean Front Hotel for sale.
Click Here To Contact Seller
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