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15 Unit Motel

New Listing

Listing ID: 1205

Location

Nova Scotia

Description

Simple 15 unit motel overlooking the water, located in a popular tourist area.
Most important, there is an immediate opportunity for increased value with a refresh to the rooms.
Current rates are approximately $110/night, where the market is happy to pay $150 and more per night for rooms at competing properties. Owner just have not had time, given other commitments.


Financial Information

Seller's Discretionary Earnings of approximately $100K in 2018 and 2017.

** 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

$180,000

Real Estate

Town Sewer and Water
Just over 1/2 acre of land
No living quarters for owner
Roofing, siding, windows, h/w tanks, all have been updated in recent years.

Price

$449,000 (Shares)

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