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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.

Financial Information (CAD)
2019 Revenues: $342,421
SDE*: $79,644
Average past 3 years: Revenues $311,207 - SDE $71,354
$175,000 annual revenue from room rentals, balance from restaurant sales.
The sale price considers $0 in debt and a $0 working capital calculation.

* SDE - Seller's Discretionary Earnings are the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. In addition, SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.

Minimum Equity Required
$250,000

Real Estate
19 units located on 5.4 acres of land.
- town water and sewer
- property has been migrated
- oil fired hot water, heat pump in restaurant.
One of the units is currently not being used, however, quickly could be.
There is a winterized home on property with 3 bedrooms and 1 bathroom. Expect some renovating.

Price
$629,000 (Shares)