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Twenty Four Unit Motel In Excellent Condition For Sale

Cariboo, British Columbia, Canada
Asking Price:
$1,689,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$250K - $500K (CAD)
Cash Flow:
$100K - $250K (CAD)

I am pleased to offer this fantastic 24-unit motel on Highway 97 in the beautiful Cariboo! This motel is a 2-story building with 24 units, 10 of which are kitchen units, 6 of the kitchen units were completed in December 2019 they are beautiful!. The motel is in excellent repair with many recent updates. The motel has been operating using 23 units as one unit is used for personal use.

Situated on almost 1 acre, there is plenty of room for all guests as well as work crews that may have large vehicles or trailers. There may be an opportunity to expand the motel if one wanted.

The current owners take great pride in maintaining the motel and offering guests a quality room at a reasonable price. The motel is recognized and awarded excellent reviews from guests and booking agencies like Booking.com.

The area is a hub community that provides services to a large area, and a base for a lot of economic activity. The hospitality market has been supported from the diverse market segments: Mainly corporate market including Enbridge (there is LNG lines and a compressor station nearby), tourists, people staying while building or shopping for housing, hockey, curling in local arena and other sports, fresh water fishing, hunting, Visitors for families or friends and passing through customers from far north and great Vancouver area as well as the Okanagan and Nicola Thompson area from Highway 97 which sees about 1.3 million vehicles annually. 100 Mile House is located about 5 hours from Vancouver and approximately 2 hours from Kamloops.

If you are considering a mid-priced motel that could either be operated by a manager or an owner operator, this motel must be on your list!

Property Information

Real Estate:

Real Property Included

Living Accommodation:

2 Bedrooms

Location:

Central Location on Highway 97

Size in square feet:
0.918 Acres

Business Operation

Expansion Potential:

Yes

Competition / Market:

Yes

Reasons for selling:

Retire

Employees:
2-3

Other Information

Support & training:

Yes

Contact Information

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