|
Waterfront Hotel For Sale
Location British Columbia,Canada
Asking Price Range $1.0M - $2.5M
Gross Revenues $318310
Net Profit / Cash Flow $176000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Reason for Sale Retirement is the reason for selling.
Description Built and opened in 2003 this Waterfront Hotel for sale enjoys really picturesque views. Centrally located in Masset it is the only hotel in the town. Fully furnished and equipped this is a true turnkey operation with 18 spacious rooms (9 equipped with two double beds and 9 with one double bed) and all with private bathrooms. The buildings, on the waterfront with water access, are in an excellent state of repair. Sales and profits have been increasing steadily over the past three years.
This acquisition affords an excellent opportunity for a couple to live in a vacation location, in a beautiful apartment with quality guests. A perfect bridge between career and retirement.
The hotel is open for 11 months of the year. The owners, husband and wife, both work in the business and live on the premises in the top suite which is made up of 1,700 sq. ft. of open plan living accommodation with views of the ocean. Vendors plan to live nearby and will offer assistance in the transition.
Around 70% of the clients are repeat customers. In the off season the hotel caters to personnel who are obliged to work in the Queen Charlottes (like BC Hydro workers) who are there for usually week long stays.
This has been a non-smoking hotel and has a large reception area, large kitchen and restaurant area where complimentary breakfasts are served daily. Restaurant menu could be extended. Liquor licence could be applied for.
Click Here To Contact Seller
|
|
