Location: Nova Scotia Simple 15 unit motel overlooking the water, located in a popular tourist area. Most important, there is an immediate opportunity for increased value with a refresh to the rooms. Current rates are approximately $110/night, where the market is happy to pay $150 and more per night for rooms at competing properties. Owner just have not had time, given other commitments. Financial Information (Canadian Currency) Seller's Discretionary Earnings of approximately $100k in 2018 and 2017. ** Seller's discretionary earnings are the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. In addition, SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense. Minimum Equity Required $180,000 Real Estate Town Sewer and Water Just over 1/2 acre of land No living quarters for owner Roofing, siding, windows, h/w tanks, all have been updated in recent years. Price $449,000 (Shares)
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Real Estate: | Real Property |
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Living Accommodation: | N/A |
Location: | Nova Scotia |
Premises Details: | N/A |
Size in square feet: | N/A |
Planning Consent: | N/A |
Expansion Potential: | N/A |
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Competition / Market: | N/A |
Reasons for selling: | N/A |
Trading hours: | N/A |
Employees: | N/A |
Years established: | N/A |
Support & training: | N/A |
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Financing available: | N/A |
Furniture / Fixtures value: | N/A - included in the asking price |
Inventory / Stock value: | N/A - included in the asking price |
Owner Financing Available: | Owner financing is available. Please contact the seller for more information. |
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