Icon-facebook-2 Icon-instagram-1 Linkedin Icon-youtube

Beautiful, Top-rated Beach Resort Cottages

Back to Listings
Complete NDA for Full Overview

Price: $2,400,000

Annual Revenue: $600,000

Minimum Equity Required: $960,000

SDE: $350,000

Location: New Brunswick

Industry: Hotel Motels Cottage

ID: 1322

Description

This beach resort is located in a premier tourism destination in New Brunswick, centrally located to major tourist attractions, national parks and cities. It's perfectly located at the entrance to the most famous beach in New Brunswick. They offer 20 loft-style cottages with all the necessary conveniences, two bedrooms, full bathrooms and complete kitchens. There are also 4 suites in the main building and laundry facilities.

A few highlights to give the potential new owner some additional insights on the status and future opportunity:

- The facility has been renovated in the last 3 years.
- It has received a top-tier reputation from its customers that supports a strong future for the new owner.
- The business operates year round. From June to September, the units are rented on a weekly basis for tourism. From October to May, the units are rented on a monthly basis.

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 sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

Financial Information

With a full set of books to show the revenue year round, this business has been showing steady growth year after year.
 
The sale is structured considering $0 in debt. All inventory will be included.

Annual Revenues and Seller's Discretionary Earnings:

2022
Revenue: $602,000
SDE: $354,000

2021
Revenue: $500,000
SDE: $290,000

2020
Revenue: $390,000
SDE: $215,000

2019
Revenue: $365,000
SDE: $180,000

2018
Revenue: $200,000
SDE: $45,000

Operations

Each cottage contains two units of approximately 550 sq ft on the main level and 275 sq ft on the upper-level loft area. The 4,824 sq ft reception building has 4 suites, utility room and laundry facility.

The cottages occupy 2 acres on the 6.52 acres of land with room for expansion.

*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

Complete NDA For Full Overview

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

Complete NDA for Full Overview
Share with the world

Leave a Reply

Your email address will not be published. Required fields are marked *

At Gateway, as M&A professionals, we specialize in mergers and acquisitions, turning goals into reality for both sellers and buyers. We excel in advising the buying and selling of businesses, prioritizing top-notch client experiences, guided by solid values.

Important Links

Company

Legal

Business Hours:

Monday – Friday 

09:00 AM – 05:00 PM

 

Gateway's Consumer Choice Award

Call Us

Office Location: 236 McCabe Lake Dr, Middle Sackville, NS B4E 0M8, Canada

Mail Us

© 2024 Gateway Business Intermediaries. All Rights Reserved.

Icon-facebook-2 Icon-instagram-1 Linkedin Icon-youtube
Scroll to Top