CASTLE INN & RESTAURANT
Perth-Andover, New Brunswick, Canada
THE BUSINESS
The Castle Inn is an upscale inn and restaurant in Perth-Andover in the St. John River valley of New Brunswick. The town is located directly on the Trans Canada Highway and 10 minutes from the United States border. The 14,750 square foot inn sits on a 12.5 acre parcel of land which is tree covered and beautifully landscaped. The building is a remarkable structure with stunning architecture and superior craftsmanship exhibited throughout. It has 13 luxurious bedrooms including 2 suites, a large dining room, commercial kitchen, sun room, indoor pool area with hot tub, steam room and fitness suite.
The assets of the business are offered for sale for $990,000 (Cdn). The offering price includes the land and building and all furniture, fixtures and kitchen equipment. The land and building were appraised in 2010 at $1,554,000. The facilities are up scale and continue to be maintained to a high standard with no significant deferred maintenance issues known to the owner.
WHY BUY?
A great opportunity to acquire a business located in a scenic, quiet and safe environment.
The building is very distinctive and impressive in both appearance and condition.
This is a turnkey opportunity with an established reputation.
An on-site owner’s apartment can be had with minor renovation.
Defined and achievable opportunities for growth exist.
The property and business are priced at far less than appraised value.
The present owner and site manager will assist during a transition period.
While presently functioning as an inn, the property is well suited to other uses including, corporate retreat, conference centre, wellness centre distillery, addiction treatment centre etc.
