29 Unit Motel, Camp Ground, Gym & High Volume Restaurant - $170,000 Cash Flow
Location New Brunswick,Canada
Asking Price Range $1.0M - $2.5M
Gross Revenues $1250000
Net Profit / Cash Flow $170000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1966
Number of Employees 35 - 49
Inventory 200000
Relocatable No
Number of Employees 35 - 49
Real Estate Owned
Training 4 Weeks
Reason for Sale Retiring
Description This motel has operated successfully for the past 37 years. It is rated 3 1/2 stars by Canada Select. It has 29 very modern comfortable rooms with queen size beds or two double beds. Newly renovated rooms with cathedral ceilings. Offers some of the newest rooms available. The motel includes an 8000 square foot gymnasia with over 2000 members. It also includes a 40 lot campground with playground as well as an indoor pool. There are three spacious conference rooms that allow accommodations of groups up to 200. This property will not last long.
Facilities: Pristine Property. Restaurant,29 modern rooms, 40 site Campground, and an 8,000 sq.ft. Gymnasia. Ample Parking.
Competition: This business has been successful for the past 37 years. There is one small business( Cottages ) that has developed but it is not competition. It drives traffic to the restaurant.
Growth and Expansion: The Current size is ideal for the area.
Support/Training: Owner will stay on for four weeks to train new owner.
Reason Selling: Pursuing different business ventures.
Year Established: 1966.
Employees: 50.
Financial Information:
Asking: $1,400,000.
Gross: $1,250,000.
Cash Flow: $170,000.
Click Here To Contact Seller
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