2 Storey 58 Room Super 8 Franchised Hotel


Listing ID: 700283909

Listing Title: 2 Storey 58 Room Super 8 Franchised Hotel

Quick Link: http://www.globalbx.com/listing.asp?bId=283909

Industry: Hotels and Holiday Accommodation

Industry Segment: Hotels

Country: Canada

State / Province: Manitoba



Asking Price Range: $5.0M - $10.0M

Gross Revenues: $1,309,156

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2000

Number of Employees: 6 - 9

Business Description:
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

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