This beach resort is located in a premier tourism destination in New Brunswick, centrally located to major tourist attractions, national parks and cities. It's perfectly located at the entrance to the most famous beach in New Brunswick. They offer 20 loft-style cottages with all the necessary conveniences, two bedrooms, full bathrooms and complete kitchens. There are also 4 suites in the main building and laundry facilities.
A few highlights to give the potential new owner some additional insights on the status and future opportunity:
- The facility has been renovated in the last 3 years.
- It has received a top-tier reputation from its customers that supports a strong future for the new owner.
- The business operates year round. From June to September, the units are rented on a weekly basis for tourism. From October to May, the units are rented on a monthly basis.
The sale is structured as a sale of 100% of the authorized and issued share capital of the company. Working Capital shall be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.
With a full set of books to show the revenue year round, this business has been showing steady growth year after year.
The sale is structured considering $0 in debt. All inventory will be included.
Annual Revenues and Seller's Discretionary Earnings:
2022
Revenue: $602,000
SDE: $354,000
2021
Revenue: $500,000
SDE: $290,000
2020
Revenue: $390,000
SDE: $215,000
2019
Revenue: $365,000
SDE: $180,000
2018
Revenue: $200,000
SDE: $45,000
Each cottage contains two units of approximately 550 sq ft on the main level and 275 sq ft on the upper-level loft area. The 4,824 sq ft reception building has 4 suites, utility room and laundry facility.
The cottages occupy 2 acres on the 6.52 acres of land with room for expansion.
