Popular 49-Room Waterfront Motel in Thriving Community

Price: $3,590,000

Annual Revenue: $1,065,000

Minimum Equity Required: $1,436,000

SDE: $380,000

Location: Alberta

Industry: Hotel Motels Cottage

ID: 1383

Status: New

Description

Amidst a thriving community, this 45-year old popular waterfront motel has 49 rooms (6 of which are kitchenettes). Renovations were made in the year 2022, updated the roofing, carpets, floorings, fixtures, and many more.

This property is not just a business; it's a gateway to a lifestyle that many yearn for but few achieve. With its prime location, this motel stands as a beacon for travelers seeking solace, adventure, and unforgettable memories.

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

Revenue:
2023: $1,065,000
2022: $775,000

Net Operating Income:
2023: $380,000

Operations

Located on 1 Acre of land, the property is well-maintained and has undergone renovations in 2022.

*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

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