Price: Under Valuation
Location: Nova Scotia
Industry: Hotels, Motels, Camps and other Lodging
ID: 1457
Status: Coming Soon
This well-established oceanfront resort offering includes 20 well built and appointed 2-bedroom four-plex style units — all set against one of Atlantic Canada’s most scenic backdrops.
Key Highlights:
- 20 well-maintained suites
- Prime location on a major tourist route
- Strong seasonal performance with upside potential
- Can easily be flipped into long-term rental
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.
Financials will be added soon.
Room revenues of $500k in 2022, $400k in 2021 (covid year)
* 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
16 acres of beautiful ocean front
20 - 2 bedroom cottages
drilled well and on-site septic
Property is in very good condition
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