Updated 35 Room Motel

Price: $1,290,000

Annual Revenue: $550,000

Minimum Equity Required: $520,000

SDE: $275,000

Location: Alberta

Industry: Hotel Motels Cottage

ID: 1386

Status: New

Description

This well-established inn is celebrated for its exceptional guest services, strategic positioning, and commitment to excellence. This inn has established itself as a cornerstone of hospitality within the region, attracting a diverse clientele through its doors. The opportunity to own such a reputable establishment is now available to those who value discretion, quality, and potential in their investments.

It consists of 35 rooms (10 of which are kitchenettes), and a 2-bedroom manager suite.

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 Revenues:
2023: $550,000
2022: $255,000
2021: $375,000
2020: $275,000
2019: $485,000

Net Operating Income:
2023: $275,000

Operations

Situated on 3.35 acres of land, the size of the building is at 12,000 sqft. The property is fully renovated.

Offers:
35 rooms with 10 kitchenettes
2 room managers suite

*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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