Successful Motel With 46 Seat Licensed Restaurant for Sale

This beautiful 11-unit motel, 2 housekeeping units & dining room business opportunity is situated on 3.134 Acres of land located in Nova Scotia just 2 miles from an historic port town. Each room has been recenty renovated with new carpets, paint, and upgraded furniture. Revenues growing year over year with Seller's Discretionary Income of $130,000 in 2008. The motel was built in 1984 and has undergone two development phases adding rooms, two housekeeping units and a 46-seat dining room. In addition to the dining room there is a 16-seat enclosed patio that allows the motel patrons and guests to enjoy daytime and evening warm summer and fall temperatures. The motel is located in the small historic coastal community on the eastern shore of Nova Scotia. Property information Living accommodation: There is an owner/manger private residence available for purchase at $120,000. The residence sits at the back of the motel property. Premises details: > 11 recently renovated motel units. > 2 recently renovated housekeeping units. > The 2 housekeeping units are housed inside a barn-like structure. Behind the housekeeping units is a space approximately 2000 sq. complete with a mezennine. This space would be an excellent venue for lobster suppers during summer and fall seasons. > On the property, there are 5 ready-made tent structures made of wood for the camping enthusiasts. More of these structures could be installed for campers. Size in square feet: 3.134 Acres Other information Expansion potential: The owners are having a website developed for the business. They have been operating without a website up to this point. A website would definetly improve the motel's exposure to the global market. A shuttle service from the motel to the Marina could be implemented to pick up boaters and sailors coming from and going to the Bras D'or Lakes. The coastal town of is strategically located as a layover stop for boaters and sailors. The motel is situated on enough land that more units could be developed. The current owner also has available for purchase, 15 Acres that abuts the motel property. - Competition / Market: There is no direct competition within 30 miles of the motel property. - Support & training: Owners will stay on for a period to train new owners. - Reasons for selling: Retirement - Trading hours: 7 a.m. to 10 p.m. 7 days per week. - Financing available: Yes, to qualified pruchaser.