50+ Room Motel and Restaurant

This longstanding and well-established year-round motel and attached restaurant is well located with easy access to the TransCanada and nearby shopping. Guests include a good mix of tourists plus commercial workers. The busy restaurant draws much of its business from the local community. The business offers both stability and growth potential for savvy operators.

Key Highlights:
- Ideal Location: Situated in a region known for its rich cultural heritage and natural beauty, attracting a steady flow of tourists and numerous construction and other workers year-round.
- The busy “home-style” restaurant serves the needs of the motel guests and also hosts a very steady and loyal stream of regular customers from the nearby community. The 82-seat licensed restaurant is a very important part of the operation and contributes about half of the total revenues.
- Accessibility: Easily accessible from major highways and close to key attractions, making it a preferred choice for guests.
- Well-Maintained Facilities: Offering a variety of room types to cater to different guest needs, all rooms are well-appointed with amenities.

This accommodations business has proven to be a stable revenue generating asset where you will find more than sufficient opportunity for growth and little downside risk.

This operation would be most suitable for experienced business owners or accommodation business operators, being experts in operational improvements to reach its ideal position.

Financial Information
The Fiscal Year end is Sept. 30.
SDE for 2023 and 2022 consider normalized Repairs & Maintenance to 1.5% of restaurant and 4% of motel revenues, and a $100k add back on Food&Labour costs.

Revenues:
2024: Rooms 734k, Food 768k
*Data from October 1, 2023 to June 30, 2024 in-house financial statement

2023: Rooms $1.2M, Food $1.08M
SDE = $356k
*Food and Labour costs in the restaurant alone ran at 86%.
*Labour costs in the motel are running in the 45% range.

2022: Rooms $1.07M, Food $938K
SDE = $293k
*Food and Labour costs in the restaurant ran at 90%.
*Labour costs in the motel are running in the 45% range.

2019: Rooms $889k, Food $968k
2018: Rooms $926k, Food $966k
2017: Rooms $958k, Food $889k

Operations and Assets
The Motel and attached Restaurant are ideally situated on 5.7 acres of land featuring extensive manicured grounds and trees and a walking trail. A key feature in summer is the lovely outdoor pool with ample seating area and shade trees. There is more than ample paved parking including parking for transport trucks. The buildings are serviced by municipal water and sewer, positioned with access to strategic thoroughfares and nearby shopping.

In addition to the 42 standard motel rooms, there are three stand-alone two bedrooms, two bathroom cottage units with kitchen and sitting areas which include private verandas.

An unusual and important feature is the inclusion of 5 nearby houses which are very popular with a segment of the market looking for longer term accommodation with full kitchens and laundry. These are popular for groups of workers and for insurance companies that need to relocate families for several months typically due to fire or smoke damage. These houses are fully integrated into the motel operation and are a lucrative part of the operation.
The lot sizes range from 7000 sft up to 8800 sft, all serviced with municipal sewer and water, with an anticipated market value of $1.25M - $1.5M.