Hotel / Motel - Expanded In 2008
Location:
Canada
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Saskatchewan
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Southwest Saskatchewan
Industry: Hotels and Holiday Accommodation > Motels
Business Summary
Recently expanded hotel/motel property for sale, generating excellent cash flow located in the growing and diversified economy of southwest Saskatchewan.
20 hotel/motel rooms and 4 hotel suites located on property with plenty of parking and excellent visibility.10 unit motel was added to the property in 2008.
The hotel rooms and suites have all been recently remodeled and upgraded.
The property also includes a very popular restaurant and pub (not included in the asking price) that is also available for sale. The restaurant has 60 seats while the pub has 144 seats and 5 VLT's.
This hotel/motel property is located in a growing and prosperous community in southwest Saskatchewan. The property has 200 feet of frontage and excellent visibility.
The original hotel was built in 1928 with additions in 1961 and 2001. The 10 unit motel was built and added to the property in 2008.
The current owners have invested on a continual basis to ensure the original property is well maintained and all hotel rooms and suites have been recently modernized and upgraded.
Size in square feet:
12,600 (3,800 is occupied by the Restaurant and Pub)
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$360,000
Cash Flow:
$150,000
Cash Flow Type: EBITDA
Inventory: $100,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1928
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Owners will provide training.
Reason For Selling: Retirement.
Photos
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Click on the "I'm Interested" button above for more information on this Hotels and Holiday Accommodation > Motels business for sale.
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Print Listing Id: 700111721
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