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Hospitality Business For Sale in Nova Scotia, NS (Listing ID: 2250)

Hospitality

Riverside Campground & RV Park

Hospitality Nova Scotia, NS

$599,000 CAD

Independent

This simple park can be operated for the 5 months season by just a couple.

A nice blend of seasonal campers, overnight sites, and cabins. Updated Office, General Store, Games Room and Rec Hall offer guests a clean comfortable setting and many services and supports to make their experience memorable. Multiple areas for expansion in service and/or sites to help increase top and bottom lines, as well as overall value. We'd welcome a discussion to share nearly 20 years of expertise in this space.

Financial Information: (Canadian currency)

Average revenues 4 years - $120K
Average SDE over 4 years - $63K

Recent increase in seasonal rates so SDE is expected to be close to $70K. 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.

Example: A $300K mortgage over 20 years would be $1891/Month

Minimum Equity Required:

$250,000

15 acres Well and Septic System
Owner "seasonal" Accommodations
Tax Bill for 2020 - $1240

Price:

$599,000

Nova Scotia, NS Hospitality Business For Sale Details

Legal Body

Incorporated

Established In

1988

Last Year of Completed Statements

2019

Gross Revenue

$120,000

Annual Earnings

$63,000

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 (11)
Annual Return On Investment Calculator

Annual Earnings:

$63,000

Liquid Cash Invested:

$

Borrowed Amount:

$

Interest on Borrowed Amount:

 

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