Excellent Franchised Hotel
Location New Brunswick,Canada
Asking Price Range $2.5M - $5.0M
Gross Revenues $875000
Net Profit / Cash Flow $450000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1989
Number of Employees 10 - 19
Inventory All FF&E included for turn key operation.
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Owned
Training Seller is okay to provide up to 2 months of day to day support for a buyer.
Reason for Sale Re-locating / retirement.
Description Market leader in the limited service segment, franchised, 60 plus rooms & suites Hotel, situated on approximately 2 acres of land, has excellent curb appeal and visibility along a major Highway in one of NewBrunswick's largest cities. This extremely well constructed, well maintained Hotel for sale is approximately 20 years old and is fully equipped with all amenities and services of a 3 1/2 star rated Canada Select Hotel. The majority of sales for this Hotel is generated from corporate clientele, providing direct billing relationships and therefore limited Credit Card fees to be paid.
The tourist season goes from June-September, with mostly snowmobiling enthusiasts and sports teams making up the winter season. Hotel is being offered well below replacement cost, which is considered to be in the $5,000,000 range.
Growth/Expansion Potential: First 7 months of 2009 show sales up close t 20% over the same period of 2008. Opportunity to further improve revenues with focused marketing strategies towards bus tours, corporate partnerships, tourism initiatives, along with general market demand from a handful of significant capital projects being undertaken in the local area.
Gross Revenue: approximately $ 875,000 on average for the last 3 years
Sellers Discretionary Cash Flow: $410,000 in 2008, about $ 450,000 on average 2005-2007. Before owner/manager wages. Trending of 2009 is strong.
Asking Amount: $2,775,000
Click Here To Contact Seller
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