Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Motel On Prince Edward Island In Canada For Sale

Summerside, Prince Edward Island
Asking Price:
$750,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$200,000 (CAD)
Cash Flow:
$50K - $100K (CAD)

22 unit year round operation on 4 plus acres. On major artery to Summerside and on TransCanada Highway. Complete renovation in 2012/13.
Restaurant in the Lobby is currently used for continental breakfast in the summer months. Very profitable summer business and a steady year round Extended Stay business for the rest of the year.
Custom made room furniture, new beds.
Excellent reviews on social media.
Modern signage.
Owner will consider staying on to assist new operator.
Owner financing is also a possibility.
A remodeled three bedroom and three bathroom home is also available on a separate Title.
Excellent family operation and may be a suitable vehicle for those considering immigration to Canada.

Property information

Real Estate:

Real Property Included

Living Accommodation:

A three bed/three bath house is located right next door. It is not included in the motel package but price would be negotiable.

Location:

A suburb of Summerside we are 15 minutes from the principal access to the Island(the Confederation Bridge). We are in the heart of the Island in many ways; but we are in fact in the middle making easy access to the north and south.

Premises Details:

22 unit single storey property with two additional lower suites. There is a 4000 sq foot basement under the motel where the house laundry, guest laundry, mechanical and shop are located.

Size in square feet:
6000 sq feet approximately.
Planning Consent:

None required.

Business Operation

Expansion Potential:

Restaurant could be operated year round by an operator with food experience. Presently the restaurant is only operated in the summer months.

Competition / Market:

No other properties nearby until you enter Summerside. Many deterrents to additional building and unlikey to attract chain properties.

Reasons for selling:

Owner is retiring after a successful motel and hotel career.

Trading hours:

8-6 PM all year; but to 11 PM during busy season.

Employees:
4
Years established:
mid 1960's

Other Information

Support & training:

Present owner would assist new owner during transition for as long as it takes.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Approximately 1/3 down would be required to enable owner financing.

Furniture / Fixtures value:
$40,000 (CAD) - included in the asking price
Inventory / Stock value:
$10,000 (CAD) - included in the asking price
Website:
Login or register to view link
Related Documents:

Contact Information

    1. Your Address

    2. Optional
  1. Optional

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here