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Entrepreneurs, Look Here - Rare Growth Opportunity
Location Nova Scotia,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $255000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1967
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training 1 month transition period + 6 month addition support as needed. Sellers will be staying in the community and would be available to work Part Time if so required.
Reason for Sale Retirement (64 and 61 years of age, 30+ years as owners).
Description The owners always believed, and have proven to many over their past 30+ years of ownership, that the Sheerbrooke Village Inn is the best choice destination for ''valued'' accommodations and above average food offerings anywhere in Guysborough County. Given the owners' age and their current family and living situation, they have chosen to operate the business for the past several years for only 7 - 8 months of the year (April - November). There is a tremendous opportunity for growth in revenues and profitability through strategic and focused marketing efforts as well as an expense reduction program that could be implemented from day 1. Your research to understand the competitive offerings within a 50+ mile radius market place should prove the upside possibilities we believe to exist, which are only limited by business experience.
This may be the best opportunity in Nova Scotia for a true entrepreneur to acquire a long time successful accomodations business for a fraction of its current Asset value. This profitable, updated property provides for 19 extremely clean rental units plus a 55 seat renovated licensed dining facility steps from the fomous St. Mary's River. The property has excellent appeal for the leisure, sporting, motorcyclists, and educational travelers as well as families wanting to ''get away from it all''.
Financial Considerations:
16% revenue growth from 2006 through to 2010 has produced 3 year average gross revenues of $255,000 during the 7 month operating seasons. Approximately 45% of gross revenues are generated from Restaurant operations. More than $80,000 spent on capital improvements in past 5 years. (roofing, flooring, furniture, windows, doors, insulation, paint, etc.) Industry comparables indicate current asset value of this opportunity may be in excess of $900,000.
Offered at $629,000. Email or call Tim Blais at 902-441-3127 for additional information on this Inn for sale.
Click Here To Contact Seller
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