Motel / Restaurant / Bar
Location:
Canada
->
Manitoba
->
One Hour South Of Winnipeg
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Asking Price: $575,000 (plus inventory) A turn key operation in the hospitality industry consisting of a motel, restaurant and bar for sale. Has been in operation for 20 years and is considered a local favorite. This company provides sustenance and accommodations for local residents, highway workers, truck drivers and travelers.
- Very few direct competitors in this area
- Furniture, fixtures, buildings and equipment in excellent working order
- Many new renovations and upgrades to restaurant and equipment
Close to the major north-south highway in southern Manitoba, local residents, long-haul truck drivers and highway workers make up the majority of their target market. Since it is located in such a high traffic area and with so few competitors within 15 km, there is an excellent opportunity to increase sales in each area of this business.
There are plans for highway development in this area which will provide opportunity for significant increases in traffic and revenue.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$600,000
Cash Flow:
$80,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 1984
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: The current owners would be available for two months to train the purchaser and help ensure a successful transition.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700115675
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