3 Acres Prominent Brand, Great Cash Flow 88-Room Hotel

Price: $12,700,000

Annual Revenue: $3,170,000

Minimum Equity Required: $5,080,000

SDE: $1,190,000

Location: Saskatchewan

Industry: Hotel Motels Cottage

ID: 1389

Status: New

Description

With its 88 exquisitely appointed rooms, this prestigious property offers an exceptional opportunity to own a piece of the city's rich history and a thriving future in the hospitality industry.

The hotel is updated with elevators and with fully operational facilities such as swimming pool, fitness room, and many more.

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 and Net Operating Income
2023 (Year end March 31)
Revenue: $3,170,000
NOI: $1,190,000

2022
Revenue: $2,000,000

2020
Revenue: $2,620,000

2021
Revenue: $2,680,000

*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 located on 3 acres of land.

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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