Profitable Water Front 65 Unit Motel & Restaurant
Location New Brunswick,Canada
Asking Price Range $1.0M - $2.5M
Gross Revenues $980000
Net Profit / Cash Flow $268000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1970
Number of Employees 20 - 34
Inventory 30000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training 4 Weeks
Reason for Sale Other ventures
Description This a newly renovated about to be a franchise managed property in coming months. This well-known water front property has been one of the highlights of this region for more than 20 years now... and the leader in hospitality for many years! The motel offers 65 clean and spacious rooms, with a fantastic waterfront view and incredible dining. The business is located in the heart of the downtown close to all amenities. Located on the banks of one of the worldƒ_Ts most renowned salmon fishing rivers, properties like this do not come on the market often; take full advantage of this opportunity NOW! The businesses valued guests include; families of all ages, business travelers and workers for long term stays... amenities for all! This property is very well established and profitable.... it will not last long, call now!
Facilities: Ample parking, 65 spacious rooms, and close to all amenities. In-door swimming pool, sauna and hot tub make this property a year round destination!
Competition: This property is one of the highlights of the lodging business in the region. Well known for quality and customer service along with fantastic dining. The region has a number of competitors; all have successfully competed for more than 15 years now.
Growth and Expansion: The property is profitable and very well established. Plenty of land for growth and expansion into long term stays housing for workers, etc. or the development and construction of suites or apartment buildings on site.
Support/Training: The owner is willing to provide two weeks of cycle training.
Reason Selling: Other ventures outside New Brunswick.
Year Established: 1970.
Financial Information:
Asking: $1,200,000.
Gross: $980,000.
Cash Flow: Not Disclosed.
Financing: Negotiable based on offers.
Click Here To Contact Seller
For more opportunities like this go to:
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
