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Hospitality Business For Sale in Newfoundland, NL (Listing ID: 2335)

Hospitality

Full Service Updated Inn (under agreement)

Hospitality Newfoundland, NL

$1,890,000 CAD

Independent

Location:

Newfoundland, Canada

Description:

Have you worked in an organization where you were certain some simple care and attention would make a significant difference or where some hands-on involvement in financial management could send tens of thousands to the bottom line? Look no further, you have found a community icon with a loyal following that simply needs some renewed energy.

Financial Information: Canadian currency

Average Room Revenues over past 4 years = $585k (includes $80k annual lease from restaurant) Average Food and Beverage sales over past 4 years = $985k Average Lotto "profit" over the last 4 years = $104k Average Seller's Discretionary Earnings over the past 4 years = $314k. 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:

$600,000

Real Estate:

City Water & Sewer

Price:

$1,890,000

This listing is currently Under Agreement

Newfoundland, NL Hospitality Business For Sale Details

Legal Body

Incorporated

Established In

1950

Last Year of Completed Statements

2020

Gross Revenue

$1,430,000

Annual Earnings

$314,000

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:

$314,000

Liquid Cash Invested:

$

Borrowed Amount:

$

Interest on Borrowed Amount:

 

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