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2 Storey 58 Room Super 8 Franchised Hotel
Location: Canada -> Manitoba
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

The subject property is a 2 storey 58 room Super 8 franchised hotel. The property was built in in 2000 and has seen updates since.

There is a major $400M project starting Q2 of 2017 and strategically located just 2km from subject property. This project will be the world's largest producer of peas, with around 30 per cent of the total global production. See more about this project at: goo.gl/sTbFA7

The new owner of this will enjoy 3 or more years of very strong cash flows as the property is anticipated to be operating at maximum capacity. We recognize the strength of the operations are likely to subside once the project is complete, as such, we believe the property is very competitively priced. The benefits to a new owner with this cash flow will be to amass a large amount of cash to either invest in other properties or to significantly reduce debt.

Amenties include:

- business room & centre
- pool and waterslide
- on-site guest laundry
- breakfast room
Financial Information

Revenues:
2016 - $1,309,156
2015 - $1,304,371

Full financial overview available to qualified buyers upon signing of NDA. Minimum equity required is expected to be 40% of negotiated purchase price.
Real Estate

Location is ideal for the market, just off the Trans Canada Highway as you are entering town
Situation on 3.4 acres of land, major commercial district
Serviced by town water and sewer.
Price

$5,490,000


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $1,309,156
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2000
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned




Print Listing Id: 700283909
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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 > Manitoba Businesses For Sale > Manitoba Franchises For Sale



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