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.
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)
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.
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Annual Earnings:
$79,644
Liquid Cash Invested:
$
Borrowed Amount:
$
Interest on Borrowed Amount:
%