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Hospitality Business For Sale in Nova Scotia, NS (Listing ID: 2559)

Hospitality

24 Unit Motel

Hospitality Nova Scotia, NS

$539,000 CAD

Independent

The property operates from early May till late October (5 months)
Under a normal operating year, there were 10-12 staff hired,. An engaged husband and wife couple could easily replace 4-5 staff.
The property offers 24 rooms mostly with 2 doubles.
The dining room is a 50 seat dining room. Floor to ceiling windows offer very nice views.

The business was very steady in it's room revenues, generating $215k per year for the 2017, 2018, and 2019 seasons. The restaurant would average about $100k in sales.

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.

Situated on 5 acres of land, serviced with on-site septic and well water (easement required).
The property was built in the '69 and '75 (2 buildings). There have been a few updates and the property is always well maintained. Total Square Footage is approximately 10,000 sft.

Price
$539,00

Nova Scotia, NS Hospitality Business For Sale Details

Legal Body

Incorporated

Established In

1990

Last Year of Completed Statements

2020

Gross Revenue

$300,000

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.

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Annual Return On Investment Calculator

Annual Earnings:

$100,000

Liquid Cash Invested:

$

Borrowed Amount:

$

Interest on Borrowed Amount:

 

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