UNAVAILABLE

Full Service Updated Inn (under agreement)

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