Historic Hotel Business Opportunity
Location British Columbia,Canada
Asking Price Range $1.0M - $2.5M
Gross Revenues $3300000
Net Profit / Cash Flow $450000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1908
Number of Employees 20 - 34
Inventory 3400000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training Yes.
Reason for Sale Health - retiring.
Description Historic Hotel Business for sale located in the California of Canada. Purchase Price : $ 2,365,000 USD. Appraisal $ 3,400,000 CAD - SELLING PRICE REDUCED to: $ 2,950,000 CAD. Built: 1908. Description: Best real estate in the city.
Awesome revenue in a Landmark Hotel. Gross annual sales: $ 3,300,000 CDN, can easily support a mortgage. Monthly tenants, pub, restaurant, banquet facilities, cold beer & wine store. Financial statements to qualified buyers.
Features:
3 Levels with balconies and 50 rooms of which 33 rooms are all equipped with kitchen facilities ( many booked year round.) Owner has reduced the price to include room renovations should the buyer wish to update the rooms.
Pub: ( 185 seat class A License ).
Banquet Room ( 139 seats services over 50 organizations regularly).
Restaurant ( 165 seats, Class B License ).
Major recent renovations done:
New Plumbing, 2 furnaces, natural gas hot water, 1/4 basement, New electrical service, rewired, New Cold Beer & Wine Store - 4,500 sq.ft.
Contact for more information on this Historic Hotel business for sale.
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