51 Room Motel in Northern Ontario for Sale

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51 Room Motel in Northern Ontario for Sale

Asking Price: $3,000,000
Revenue: $2,000,000
Cash Flow: $500,000
EBITDA: $500,000
Reference # : NONT0028
Business Category: Vacation & Lodging
Location: Northern Ontario
Contact Number: Undisclosed
Views: 149
Description

This independent motel, located approximately 4.5 hours from Toronto, has 51 rooms for guests of varying sizes, plus living quarters available for the Owner. There is a restaurant and bar located in the motel that offers a variety of food for every meal. It has a well-maintained commercial kitchen, and a nicely decorated dining room that can hold up to 90 patrons. The spacious banquet hall, which can accommodate over 300 guests, is ideal for any private function. Additional private boardrooms that can hold up to 40 people are also available for smaller events. In addition to travellers, the motel also attracts long-term stay corporate customers, due to its facility and location. The motel has a positive reputation, getting an average 4/5 in online reviews. NOI is ~$500,000. It is priced to sell at 13.5% cap rate. The Seller is looking to retire after multiple decades in the business.

Additional Business Details
Real estate value/price: 
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Real Estate Included in Price: 
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Inventory value: 
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Inventory Included in Price: 
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Value of business equipment: 
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Included In price: 
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Length of lease: 
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Assets, Training & Support
Support & Training?: 
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Reason for Sale
Business Details
Relocatable: 
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a Franchise: 
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Asset sale: 
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Lifestyle Business: 
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Homebased: 
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Absentee run: 
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Seller financing available: 
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Other Details
Year established: 
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Length of ownership: 
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Employees Full Time: 
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Employees Part Time: 
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Contact this Seller

 
Broker - Agent

Steve Renelli

Business Broker

(705) 822-7355

Sunbelt Canada Northern Ontario

Business Brokerage