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Businesses For Sale   >>   Hotels Businesses For Sale

Hotel With Executive Restaurant Share Sale

Location  Nova Scotia,Canada
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1075000
Net Profit / Cash Flow  $275000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1976
Number of Employees  20 - 34
Relocatable  No
Number of Employees  20 - 34
Real Estate  Owned
Training  Certainly.
Reason for Sale  Retirement, 38 years as owners.

Description  
** Share Sale ** For the first time, this well known, meticulously cared for and updated Hotel with executive restaurant is being offered for sale. The property is located in one of the primary tourism districts of Cape Breton Island, an area that has developed into one of eastern Canada's premiere vacation spots with an abundance of attractions and activities that strike at the very core of what people want to do when they are on vacation. If this is your first time considering the marriage of life and business in Cape Breton, we welcome you at every corner, just give us a chance. We encourage you to spend 10 - 20 minutes to see what Cape Breton has to offer you. - Majority of revenues generated from long term corporate contracts - This property is rated 4 star for both the Hotel and Dining, with water views from all points of the property - Professional full time executive chef - All rooms offer A/C and the majority offer propane fireplaces. Stability or revenues and earning are evident with this property. All financial information available to qualified buyers. Not less than 35% of purchase price is required in liquid equity. Real Estate / Lease : Total land = approximately 2.69 acres Municipal water and sewer.


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