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Full Service High End Hotel
Location: Canada -> Saskatchewan
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

Asking Price: $3,000,000 (share sale)
Projected Sales: $1,855,000
Projected Cash Flow: $1,025,000

Executive Summary
The company is located in Stony Rapids Sk and is a full service hotel. Considering
the remote northern location, the hotel is considered to be a middle to upper
market facility catering mainly to the professional business traveler. The business
was founded in 2004 when a new building was built to host the hotel. There are 21
rooms in the hotel. Aside from rooms, the hotel offers a restaurant, internet
service and satellite television.

A $630 million alternative energy project has been approved and will begin within
the next year. This project is a joint venture between SaskPower and Black Lake
First Nation. This power plant will generate 50MW of electricity geared mostly to
support the expected growth in the North of the province. This is going to drive
additional projects and bring more people to the area. In turn, this will create an
even greater demand for accommodations and restaurants.

Business Highlights
- Trailer expansion project which will increase revenue substantially
- Addition of fast food restaurant on to hotel
- Major long-term projects in the area such as the $630 million Tazi
Twe hydroelectric project to begin in 2016 and the Hoidas project


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $1,855,000
Cash Flow:   $1,025,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2004
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  The owners are prepared to train a buyer in all aspects of managing the business to ensure a successful transition.

Photos

View Larger Photo(s) Of Business
Full Service High End Hotel Photo 1 Full Service High End Hotel Photo 2




Print Listing Id: 700256198
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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 > Saskatchewan Businesses For Sale > Saskatchewan Franchises For Sale



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