Upgraded Motel with 36 Rooms
This property has been beautifully renovated and meticulously maintained.It features 36 rooms, including 33 kitchenette units, an executive suite with a king-sized bed, as well as a one-bedroom manager’s suite.
They also offer free breakfasts, a space for activities and a fitness facility.
The sale is anticipated to be an Asset sale. By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions.
Financial Information
Annual Revenue and Net Operating Income, fiscal year-end March 31:
2024
Revenue: $886,000
NOI: $457,000
2023
Revenue: $900,000
NOI: $481,000
Operations
The property is situated on 1.96 acres of land. There's also a dedicated parking space for trucks.
For more information on this listing, please complete our Non-Disclosure Agreement
Financials (USD)
Asking Price $2,161,719
Cash Flow $330,403
Sales $640,562
Converted From CAD
Exchange Rate $0.72
Deal Terms
Represented by broker? Yes
Buyer Fee? Available On Request
Seller Financing? Available On Request
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? Available On Request
Management will stay? Available On Request
Relocatable? Available On Request
Real Estate? Available On Request
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.
Request Information
Want to learn more about this listing? Log in now. New to DealStream? Discover how artificial intelligence can help you find better deals! Sign up for a Free Account today and get your first Search Genius deal tomorrow.
Sign UpDealStream Awards & Reviews
