Historic Hotel Business Opportunity
Location:
Canada
->
British Columbia
->
Merritt
Industry: Hotels and Holiday Accommodation > Hotels
Business Summary
Historic Hotel Business for sale located in the California of Canada. Purchase Price : $ 2,365,000 USD. Appraisal $ 3,400,000 CAD - SELLING PRICE REDUCED to: $ 2,950,000 CAD. Built: 1908. Description: Best real estate in the city.
Awesome revenue in a Landmark Hotel. Gross annual sales: $ 3,300,000 CDN, can easily support a mortgage. Monthly tenants, pub, restaurant, banquet facilities, cold beer & wine store. Financial statements to qualified buyers.
Features:
3 Levels with balconies and 50 rooms of which 33 rooms are all equipped with kitchen facilities ( many booked year round.) Owner has reduced the price to include room renovations should the buyer wish to update the rooms.
Pub: ( 185 seat class A License ).
Banquet Room ( 139 seats services over 50 organizations regularly).
Restaurant ( 165 seats, Class B License ).
Major recent renovations done:
New Plumbing, 2 furnaces, natural gas hot water, 1/4 basement, New electrical service, rewired, New Cold Beer & Wine Store - 4,500 sq.ft.
Contact for more information on this Historic Hotel business for sale.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$3,300,000
Cash Flow:
$450,000
Cash Flow Type: EBITDA
Inventory: $3,400,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1908
Number of Employees: 20 - 34
Relocatable: No
Franchise: No
Current Real Estate: Owned
About The Sale
Management Training and Support: Yes.
Reason For Selling: Health - retiring.
Click on the "I'm Interested" button above for more information on this Hotels and Holiday Accommodation > Hotels business for sale.
|
Print Listing Id: 70022831
|
Business and Commercial Loans
Over 300 Lenders are waiting to help you with Financing for Business Purchase, Franchise, Commercial Mortgage or Equipment - Get Financing Now!
|
|
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
|
|
|
