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Motel In Welshpool For Sale

Welshpool, New Brunswick
Asking Price:
$372,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$91,335 (CAD)
Cash Flow:
$44,893 (CAD)

This 8 room motel is centrally located on historic and scenic Campobello Island, a short walk from the Island's grocery store and a 5 minute drive from the Herring Cove Provincial Park Golf Course and the Roosevelt Campobello International Park.

There are beaches, golf, kayaking, biking, hiking, whale watching, bird watching, and two historic light houses on the Island. The three family-friendly restaurants feature fresh lobster and seafood along with standard U.S.-Canadian fare.

The world-famous Park with its historic cottage is the main tourist attraction on this peaceful Maritime island. The Park's beautiful landscaping, other historic houses, and carriage and hiking trails provide the tourists with many days' worth of activities. Whale watching tours, scenic van tours and gift shops round out the traveller's experience.

The Island is accessible year-round via the FDR International Bridge from Lubec, Maine, or by car ferry from Deer Island, New Brunswick during summer months.

The Motel features 8 bright clean oversize rooms, each furnished with two queen beds, table and chairs, large private bath with hair dryer, refrigerator/freezer, microwave, coffee pot, Wi-Fi and cable TV. The 9th room is a mini-apartment which could also be rented.

The motel is situated on over 2 acres of land with native trees, firs, spruces, maple and pears, Tastefully landscaped with raised beds of vegetables, native plants, lilies and others.

More information available upon request, please contact seller below for further details.

Property information

Real Estate:

Real Property Included

Living Accommodation:

Nicely appointed mini apartment next to office, currently used by owners but could easily be rented adding thousands to the yearly income.

Location:

Prime street location in center of Island, close to shops, parks, golf course and the primary Island attractions. Street-front features an eye-catching iconic business sign frequently photographed by tourists.

Premises Details:

High visibility location for this very attractive property. A very well-built building less then 20 years old, with brand-new lifetime metal roofing, perfectly maintained throughout its existence. Full basement, wood floors in downstairs rooms, carpeted upstairs, front and back decks, extensive attractive landscaping and large horseshoe driveway. Many new appliances and upgrades have been added.

Size in square feet:
87,750
Planning Consent:

There are no deed restrictions on the property and it is an ideal commercial location with adjacent residential properties as well as several businesses and the RCMP branch office located in very close proximity. No building codes or other land use restrictions exist.

Business Operation

Expansion Potential:

Large two-lot property with room to expand by enlarging existing motel building, adding rental cottages, building an owner's residence, or pool. Ideal location for addition of a laundromat facility for Island residents as well as motel guests, which would greatly increase the income potential.

Competition / Market:

There are three sets of rental cabins, one inn, and another small motel on the Island, so with the 8 rooms at this motel there is a total of 38 rental units on the Island. The motel is highly rated by tourist organizations.

Reasons for selling:

Retirement of owners.

Trading hours:

24/7 operation, with primary income from summer tourist season, but open year-round.

Employees:
4 employees, including owner
Years established:
18 years (6 under present owners)

Other Information

Support & training:

Support and training for all computer reservation, inventory and financial systems will be provided. Reservation books and email templates with motel and direction information will be provided.

Furniture / Fixtures value:
$20,000 (CAD) - included in the asking price
Inventory / Stock value:
$1,500 (CAD) - included in the asking price

Contact Seller

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