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Businesses For Sale   >>   Newfoundland Businesses For Sale

Sea Side B & B Restaurant With Apartment

Location  Newfoundland,Canada
Asking Price Range  < $250K
Gross Revenues  $75000
Net Profit / Cash Flow  $10000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2001
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  Yes
Reason for Sale  Owners have new venture

Operated for 10 years as a Canada Select B&B. Has commercial kitchen and cafe seating for 20. Five bedrooms and two bathrooms. One bedroom has an ensuite and there are also two public rest rooms to serve restaurant traffic. Private rear patio with additional seating and covered front deck. Large basement rec room with another small bathroom. Laundry room. Two bedroom basement apartment with separate entrance. Ample parking on this 3/4 acre lot right on Trans Canada Trail and ocean. Quiet side street with senior neighbours and Museum. Business was successful since it is just 4 kilometres off Highway. The property also has an RV dumping station and outside water. All plumbing and electrical is in good order and the roof was shingled new in 2010. The business includes all restaurant equipment and B&B furniture right down to linens and utensils. Rooms were also kept busy with highway traffic, ATV tours, Snowmobile tours, and Atlantic Salmon sport fishing. As well, the owners are doing a brisk niche business with the construction industry offering room and board packages. Operate business status quo or any other venture. Can easily be four rental apartments. Property is presently leased to a national company subcontracted by the Muskrat Falls Hydro Project. This property is priced considerably below market value as owners have recently moved into a their newly constructed home and hope to sell quickly. Owners would be willing to mentor new owners in the restaurant business. The asking price is just $155,000 with the municipal assessed value nearly double that. Owners may consider a lease to own agreement with reputable buyers. You can contact owner at 709-649-1980. We can send along pictures and answer any questions.

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