50+ Room Motel

Price: Under Valuation

Minimum Equity Required: $1,200,000

Location: Nova Scotia

Industry: Hotel Motels Cottage

ID: 1410

Status: Coming Soon

Description

This accommodations business is ideally located in a thriving hospitality sector of Nova Scotia and is ready for the next phase of ownership. This longstanding and well-established motel, strategically located in a prime area, offers both stability and growth potential for savvy operators.

Key Highlights:
- Ideal Location: Situated in a region known for its rich cultural heritage and natural beauty, attracting a steady flow of tourists and construction workers year-round.
- Accessibility: Easily accessible from major highways and close to key attractions, making it a preferred choice for guests.
- Well-Maintained Facilities: Offering a variety of room types to cater to different guest needs, all rooms are well-appointed with amenities.
- On-Site Dining: A highly-rated restaurant that contributes to the overall guest experience and generates additional revenue.

This accommodations business has proven to be a stable revenue generating asset where you will find more than sufficient opportunity for improvement and growth and little downside risk.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

Financial Information

Shall be added/completed soon. Fiscal Year end is Sept. 30

Revenues:
2023 - Rooms $1.2M, Food $1.08M
2022 - Rooms $1.07M, Food $938K
2021 - - - -
2020 - - - -
2019 Rooms $889k, Food $968k
2018 - Rooms $926k, Food $966k
2017 - Rooms $958k, Food $889k

* Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

** Please refer to our Minimum Equity requirements. Our expectations are for a buyer to be "capable" of making a minimum 35% down payment on the final negotiated purchase price, to be considered truly qualified. Feel free to run some of your own calculations here:
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Operations

The primary Motel is ideally situated on 5.7 acres of land, serviced by city water and sewer, positioned with access to strategic thoroughfares.

There are 5 additional residential properties used for short term rental, owned by the company, with lot sizes ranging from 7000 sft up to 8800 sft, all serviced with city sewer and water.

*Gateway Business Brokers operates as an independent contractor and is not an agent, employee, partner or broker of the Seller, Buyer or any other party and does not owe fiduciary duties to prospective Buyers. If the business Purchase involves a transfer of real estate, of any kind, the Buyer/Purchaser shall obtain the services of a licensed lawyer for the conveyance and land or lease transfer element(s) of the transaction.

For more information on this listing, please complete our Non-Disclosure Agreement

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA for Full Overview
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