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Hospitality Business For Sale in Nova Scotia, NS (Listing ID: 2215)

Hospitality

15 Unit Motel

Hospitality Nova Scotia, NS

$449,000 CAD

Independent

Simple 15 unit motel overlooking the water, located in a popular tourist area. Most important, there is an immediate opportunity for increased value with a refresh to the rooms. Current rates are approximately $110/night, where the market is happy to pay $150 and more per night for rooms at competing properties. Owner just have not had time, given other commitments.

Financial Information
Seller's Discretionary Earnings of approximately $100k in 2018 and 2017.

** 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
$180,000

Real Estate
Town Sewer and Water
Just over 1/2 acre of land
No living quarters for owner

Roofing, siding, windows, h/w tanks, all have been updated in recent years.

Price
$449,000 (Shares)

Nova Scotia, NS Hospitality Business For Sale Details

Legal Body

Incorporated

Established In

1974

Last Year of Completed Statements

2020

Gross Revenue

$152,000

Annual Earnings

$100,000

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.

More From Seller (14)
Annual Return On Investment Calculator

Annual Earnings:

$100,000

Liquid Cash Invested:

$

Borrowed Amount:

$

Interest on Borrowed Amount:

 

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