19 Unit Motel
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Travel/Leisure Business For Sale in Nova Scotia, NS (Listing ID: 2208)
19 Unit Motel
Located in a beautiful and historic setting, this seasonal 19 unit Motel with 60 seat restaurant/lounge has been established and successful for nearly 40 years and has provided a stable income base for each of the owners over the years.
Nestled amongst nature and a stone's throw away from many beautiful beaches and attractions, no wonder this property is a favourite amongst locals and visitors alike. The property has seen many updates in recent years, from furnishings, flooring, bathrooms, kitchen upgrades, etc., which has resulted in an increase in 4 & 5-Star reviews on tripAdvisor and other travel sites.
Mostly, the business is operating only half the year, however, should there be construction projects in the area during the off season, the property can quickly open to accommodate same. However, there are always a couple of winter months' vacation time, providing a well-balanced lifestyle and quality return on investment.
Prospective buyers will recognize several major projects near starting that would have a significant impact on this business.
This property has received much love over the past years with close to $100k in capital improvements.
5.4 acres of land
Nova Scotia, NS Travel/Leisure Business For Sale Details
Legal Body
Sole Proprietor
Established In
1980
Last Year of Completed Statements
2020
Gross Revenue
$342,421
Annual Earnings
$79,644
Land/Building Included
Yes
% of Business Selling
100%
Reason for Sale
Personal
Financing Available
Yes
Buyer does not need to have experience owning & operating a business or franchise.
Buyer does not need specific industry experience.
Buy And Sell A Business assumes no responsibility for the accuracy of any information shown.
Annual Earnings:
$79,644
Liquid Cash Invested:
$
Borrowed Amount:
$
Interest on Borrowed Amount:
%