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Updated Lakeside Motel with Owner’s Home

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Complete NDA for Full Overview

Price: $999,000

Annual Revenue: $306,000

Minimum Equity Required: $400,000

SDE: $120,000

Location: Nova Scotia

Industry: Hotel Motels Cottage, Services

ID: 1313

Status: Off Market

Description

This waterfront motel is ideally located in a busy community. The business comfortably accommodates guests in their 16 units, some with kitchenettes.

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 SDE:
2022
Revenue: $306,000
SDE: $120,000

2021
Revenue: $135,000
SDE: $7,000

** 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.

** Our expectations are for a minimum 40% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:
https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator

Operations

This business currently operates on 1 acre of land. The property has been recently renovated and offers a range of rooms to accommodate every type of traveler, including kitchenette rooms, double rooms, single rooms, family rooms, and a 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

Complete NDA For Full Overview

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA for Full Overview
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