Located in a beautiful and historic setting, this seasonal 19 unit Motel with 60+ seat restaurant/lounge has been established and successful for nearly 40 years and has provided a stable income base for each of the owners over the years.
Nestled amongst nature and a stone's throw away from many beautiful beaches and attractions, no wonder this property is a favourite amongst locals and visitors alike.
The property has seen many updates in recent years with close to $110K in capital improvements, from furnishings, flooring, bathrooms, kitchen upgrades, etc., which has resulted in an increase in 4 & 5-Star reviews on tripAdvisor, Trivago, Booking, Kayak and other travel sites.
The business is operating only half the year, however, should there be construction projects in the area during the off season, the property can quickly open to accommodate same. Do not worry, there are always a couple of winter months' vacation time, providing a well-balanced lifestyle and quality return on investment.
Prospective Buyers will recognize several major projects near starting that would have a significant impact on this business.
Let's connect to discuss further.
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 all of your questions.
