44-Room Motel with Thriving Restaurant and Lounge

Price: $2,090,000

Annual Revenue: $610,000

Minimum Equity Required: $840,000

SDE: $335,000

Location: Alberta

Industry: Hotel Motels Cottage

ID: 1384

Status: New

Description

This exceptional 44-room motel, featuring a fully operational restaurant and lounge is situated in a prime location that attracts both local and traveling patrons. This property offers a unique investment opportunity for those looking to enter or expand within the hospitality industry. With its comprehensive amenities and established reputation, this motel is a turnkey solution for success.

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

Annual Revenue:
2023: $610,000
2022: $600,000

Net Operating Income:
2023: $335,000

*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.

Operations

The property is well-maintained and had major renovations in the year 2020 and 2015. The size of the building is at 17,985 sqft.

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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