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Updated Motel For Sale
Location Nova Scotia,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $255000
Net Profit / Cash Flow $67000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1979
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Available for full operating season if required.
Reason for Sale 30+ years as owners, retirement.
Description This is perhaps the best opportunity in Nova Scotia for a true entrepreneur to acquire a long time successful accommodations business at a fraction of its asset value. Located in beautiful Sherbrooke, NS, the Sherbrooke Village Inn have been welcoming visitors to the growing North Eastern Shore for more than 30 years.
Overview of Operations:
- Close to $100,000 invested over past 5 year in capital improvements.
- Total of 19 units, includes 3 chalets style cabins, 2 kitchenettes, a 3 bedroom rental home, and 13 additional units located on approximately 5.5 acres of land. Additional land is available.
- Updated 55 seat licensed restaurant, lobster tank, fireplace, new kitchen equipment items.
- Untapped potential in numerous market segments. I would be happy to discuss growth ideas.
- Single owner managed. By choice, business operates only 7 months.
The owners have always believed that the Sherbrooke Village Inn is the best choice for accommodations and meals anywhere in Gusborough County.
Opportunities for immediate profit growth include:
1. Expense Reduction. Management with one owner, not living on site, requires additional staffing. Utilities management. Ideal for a onsite owner, couple, or young family.
2. Focused Marketing Program. Given the many years as owners, the sellers are no longer committing the ambition and energy to marketing as they once did. Several areas of opportunity exist. Connect with me to discuss.
3. Expansion Plan. Limited capital investment required can allow a new owner to leverage the available real estate as well as kitchen/dining capacity.
Financial Highlights:
- 16% revenue growth from 2006 through 2010, with 3 year average gross of $255,000.
Contact for more information on this motel for sale.
Click Here To Contact Seller
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