Established 12 Unit Motel
Location New Brunswick,Canada
Asking Price Range $250K - $500K
Gross Revenues $120000
Net Profit / Cash Flow $80000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1975
Number of Employees 1 - 3
Inventory 20000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training 2 weeks
Reason for Sale Retiring
Description This 12 Unit Motel is located in the downtown area of one of the fastest growing cities in Atlantic Canada, Moncton NB. The business and vacant land allow for excellent growth and expansion to build additional motel units and/or multi family residential apartments, seniors housing, you name it. Located right in the high traffic business district of Moncton this motel is the only prime budget motel in the area. Ample parking, and good-sized rooms. There is an opportunity to expand the business in its current location.
Facilities: 12 Unit Motel, ample parking, and 2 storey. Three bedroom house and office included. Additional Vacant Building Lot also available next to motel and house/office.
Competition: This is the only prime budget motel located in the downtown core of the City of Moncton, New Brunswick. The business has been operating successfully for more than 20 years.
Growth and Expansion: There is an opportunity to build additional units on the extra lot or renovate owners home on property into Bed and Breakfast or additional suites.
Support/Training: The current owner is willing to stay on for two weeks for cycle training.
Reason Selling: Retiring.
Year Established: 1975.
Employees: 1 ft.
Financial Information:
Asking: $340,000.
Gross: $119,000.
Cash Flow: Not Disclosed.
Furniture, Fixtures & Equipment: $60,000.
Inventory: $2,000 (included in price).
Real Estate: $300,000 (included in price).
Financing: Vendor Take Back Available - 2nd Mortgage.
Click Here To Contact Seller
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