Motel for sale
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Listing idef93mdsh
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Categories
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Asking price
Open to offers
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Quantity
Not applicable
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TaxNot applicable
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Shipping & Handling
Shipping to Canada only
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Payment Terms
Seller accepts Cash
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Posted2 weeks ago
helpful
Calgary, AB
Member since July 19, 2018
Please only contact the seller if you are interested in buying or bartering for this item. Spam and fraud will not be tolerated.
The Affordable Business Partner. Providing Alberta & Saskatchewan Business Owners and Business Buyers with affordable, innovative and personalized Business Selling & Buying help.
How can we help you?
Alberta, Canada
21 Room Motel
Investment Level: 849,000
Our clients purchased the motel in 2015 and over the next few years have invested hundreds of thousands of dollars into upgrading infrastructure and tastefully updating rooms which attracted new repeating clientele which has resulted in year after year increased sales.
Recently the management that was in place has moved in another direction and the owners who operate other businesses now realize that with their other businesses grow in size, that they can no longer invest the time required to continue the positives that they have built.
With the majority of renovations being completed over the last several years, new owners can now focus their time and energy into increased marketing and continued sales growth.
Business at a glance.
Gross Sales: 2017 (196,000) 2018 (220,000) 2019 (283,000)
Normalized Net Income as owner operator: (2017) 75,000 2018 (61,000) 2019 (146,000)
Money invested in Renos: Owners took over in 2016 and spent over 200,000 in renos in getting the motel up and running. Plus an additional 2017 ( 45,000) 2018 ( 77,000) 2019 ( 83,000)
Visit The Affordable Business Partner.com
How can we help you?
Alberta, Canada
21 Room Motel
Investment Level: 849,000
Our clients purchased the motel in 2015 and over the next few years have invested hundreds of thousands of dollars into upgrading infrastructure and tastefully updating rooms which attracted new repeating clientele which has resulted in year after year increased sales.
Recently the management that was in place has moved in another direction and the owners who operate other businesses now realize that with their other businesses grow in size, that they can no longer invest the time required to continue the positives that they have built.
With the majority of renovations being completed over the last several years, new owners can now focus their time and energy into increased marketing and continued sales growth.
Business at a glance.
Gross Sales: 2017 (196,000) 2018 (220,000) 2019 (283,000)
Normalized Net Income as owner operator: (2017) 75,000 2018 (61,000) 2019 (146,000)
Money invested in Renos: Owners took over in 2016 and spent over 200,000 in renos in getting the motel up and running. Plus an additional 2017 ( 45,000) 2018 ( 77,000) 2019 ( 83,000)
Visit The Affordable Business Partner.com