Well-Established Motel with 4.2 Acres of Land

Description
This well-established and updated seasonal motel has a long history of supporting tourists and workers and is ideally located alongside a major transportation route, just steps away where you could launch your boat if you were so inclined. The nicely updated property offers a combination of stable revenue, excellent location, and growth potential, making it a standout choice for investors seeking a lucrative hospitality asset.

Key Highlights:
- Significant updates done in recent years
- Open from mid/late April - mid/late November, ability to be open in longer if you choose.
- Perfect size property for a hands own owner
- Consistent revenue growth the last 3 years, survived quite well through Covid
- High demand from local businesses ensure a steady stream of annual income.
- Situated in a picturesque coastal area with high tourist and business traveler traffic.
- Excellent visibility and accessibility from major highways and transportation hubs.
- Room for expansion or ability to increase average room rates to create additional revenue.
- Sizeable parcel of land with potential for future development.

Its reputation for cleanliness and affordability have lead to a loyal clientele who support a solid foundation for continued success. With numerous opportunities for growth, investors can expect meaningful returns and long-term value appreciation.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

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
Fiscal Year End is December 31. Revenues and Seller's discretionary earnings.

2023
Revenues: $262K
SDE: $156k

2022
Revenues: $202K
SDE: $109k

2021
Revenues: $144K
SDE: $72k

Annual Return on Investment
Based upon a purchase price of $749,000, with an average portion of the purchase price being financed with normal commercial finance terms, we anticipate an annual Return on Investment of more than 31% ** (Details of these calculations provided upon request).

* Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.