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14-unit Luxurious B & B in a Magnificent Historic Property

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Listing ID: 1198

Location

Nova Scotia

Description

There are not many places in Nova Scotia that offer an Owner and its guests the kind of experience this property can. If you're looking for a fairly easy opportunity to operate an accommodations business without much stress or you have a vision to create an iconic retreat destination, this is worth looking into.
This welcoming Bed & Breakfast located in an Eastern Nova Scotian town, a perfect tourist destination located a stone throw away from beautiful beaches and scenic surroundings, offers comfort and elegant accommodations to come home to. In return, you'll find a thankful customer who has been provided a truly unforgettable experience.


Financial Information

2020 Projected Revenues (Fiscal Year End March 31st) - $334,765 2020
Projected SDE (Fiscal Year End March 31st) - $100,808


* SDE - 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

$400,000

Real Estate

Approximately 4.8 acres of land with expansion potential

Price

$989,000

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