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Boutique Condo Hotel Development
Location British Columbia,Canada
Asking Price Range $1.0M - $2.5M
Gross Revenues $380000
Net Profit / Cash Flow $200000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1982
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Yes, will stay on for 3 months to train.
Reason for Sale Please contact so we can discuss the opportunity.
Description OVER $600K OFF REAL ESTATE VALUE ALONE! Boutique Condo Hotel Development for sale. Radium Hot Springs, BC. Broad Strokes. 17 Individually titled condos appraised value $2.65M. 1.3 acre building lot capable of holding 20 condos $150K. Average Gross Yearly Income $380K. 1,800 sq ft owners suite and business value $????.
The building was well constructed in 1982 in a classic European chalet style at a cost of over $2,000,000. It has 17 individually titled condos which continue to generate excellent revenue ($340,000 per year) as hotel rooms with a faithful following of return customers developed over the Chalet's 28 years of continuous operation.
The Chalet is situated on 2.3 acres of land separated into two building lots and backing on to Kootenay national park. Since taking possession in 2007 the current owner has invested Approximately $200,000 in renovations and upgrades.
The average yearly income for the suites has been approximately $20,000 dollars per year(see financial statements/room revenue. Asked price $2,200.000 (OVER $600,000 OFF APPRAISED REAL ESTATE VALUE). Thank you for taking the time to consider this project and have a great day.
Yours Truly, Chris Wright. For further information, financial statements, executive summary, etc, email or contact Chris at 403-660-6162.
Click Here To Contact Seller
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