Don't have Facebook?

Call us at (902) 441-9589

Full Service Updated Inn

Under Agreement

Listing ID: 1216

Location

Newfoundland

Description

Have you worked in an organization where you were certain some simple care and attention would make a significant difference or where some hands-on involvement in financial management could send tens of thousands to the bottom line? Look no further, you have found a community icon with a loyal following that simply needs some renewed energy.


Financial Information

Average Room Revenues over past 4 years = $585k (includes $80k annual lease from restaurant) Average Food and Beverage sales over past 4 years = $985k Average Lotto "profit" over the last 4 years = $104k Average Seller's Discretionary Earnings over the past 4 years = $314k



* 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

$700,000

Real Estate

City Water & Sewer

Price

$1,729,000 (Shares)

Want to know more about this listing?

Click to Sign NDA
and receive a full overview

Offices Nationwide,
Headquarted in Halifax, Nova Scotia

OUR PHILOSOPHY

Helping our clients achieve the greatest success possible requires completing a transaction beneficial to both buyer and seller. To achieve that success, we work exclusively with well-qualified individuals, delve into the unique needs of both parties and develop a strategic plan that will help generate excellent results.

COMMUNICATION PROMISE

Gateway Business Brokers places a priority on open, frequent and comprehensive communication with our clients. We promise to communicate and confirm expectations in a timely and courteous manner each and every time.

Privacy Policy

© 2020 Gateway Business Brokers | All Rights Reserved