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Castle Inn And Restaurant For Sale

Perth Andover, New Brunswick
Asking Price:
$1,390,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (CAD)
Cash Flow:
$50K - $100K (CAD)

Attractive Inn with 13 rooms nicely furnished rooms (includes two suites) with a 49 person dining room located in a smaller town on the Trans Canada Highway in New Brunswick. The Inn is located approximately 5 kilometers from the United State border at an entry point to the State of Maine.

There is a wet bar on the premises together with a large patio to accommodate weddings and gatherings. The facility has a large indoor pool with steam and exercise rooms and washrooms. There are walking trails on the property, also, suitable for cycling and skiing in the winter months.

The restaurant caters to a sizable market in the area and residents from across the border. There are professionals from Fredericton visiting Perth-Andover on a regular basis to deliver services in the area and they use the room services.

Reliable internet and blue tooth services ae offered.

The facility has potential for substantial growth with owners with hotel and restaurant experience.

Property information

Real Estate:

Real Property Included

Living Accommodation:

There are no accommodations included but there are homes in the area to purchase or rent.

Location:

The Castle property is located in a picturesque area on the outskirts of Perth-Andover, New Brunswick. The area is well landscaped in a beautiful setting.

Business Operation

Reasons for selling:

The owner is retiring.

Trading hours:

The main season for the hotel is from May to October catering to the tourist trade from the Trans Canada Highway. A continental breakfast is offered to room guests and the hours of operation are from 11:00 AM to 10:00 PM during the summer months. These hours are shortened during the November to April period.

Employees:
There are three full-time employees supplemented with four casual parttime employees during the peak period
Years established:
12 years

Other Information

Support & training:

There is support and training available.

Furniture / Fixtures value:
$200,000 (CAD) - included in the asking price
Inventory / Stock value:
$10,000 (CAD) - included in the asking price
Website:
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