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Must Sell Nineteen Unit Accommodations Business
Location: Canada -> Nova Scotia -> Sherbrooke
Industry: Hotels and Holiday Accommodation > Motels




Business Summary

Health issues require a quick sale of the Sherbrooke Village Inn

This is perhaps the best opportunity in Nova Scotia for a true entrepreneur to acquire a long time successful accommodations business. Located in beautiful Sherbrooke, NS, the Sherbrooke Village Inn have been welcoming visitors to the growing North Eastern Shore for more than 30 years.

Overview of Operations:

Total of 19 units, includes 3 chalets style cabins, 2 kitchenettes, a 3 bedroom rental home, and 13 additional units located on approximately 5.5 acres of land.
Updated 55 seat licensed restaurant, lobster tank, fireplace, new kitchen equipment items.
Untapped potential in numerous market segments. I would be happy to discuss growth ideas.
Single owner managed.

By choice, business operates only 7 months. The owners have always believed that the Sherbrooke Village Inn is the best choice for accommodations and meals anywhere in Gusborough County. Their 30+ years of ownership is a true testament. Given their service offerings and being within walking distance of all major amenities, this property is well positioned.
Opportunities for immediate profit growth include:

Expense Reduction. Management with one owner, not living on site, requires additional staffing. Utilities management. Ideal for an onsite owner, couple, or young family.
Focused Marketing Program. Given the many years as owners, the sellers are no longer committing the ambition and energy to marketing as they once did. Several areas of opportunity exist. Connect with me to discuss.

Financial Highlights:
average gross of $255,000.
45% of revenues generated from Restaurant operations
Seller financing and transition support available to the right buyer.
Offering price includes inventory. A minimum equity investment of $150,000 should be anticipated.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $255,000
Cash Flow:   $70,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1982
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Absolutely
Reason For Selling:  Health reasons




Print Listing Id: 700245713
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Nova Scotia Businesses For Sale > Nova Scotia Franchises For Sale



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