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BUSINESS FOR SALE - PROFILE #  80300043

Motel/Cottage Business For Sale
Summerside

Asking Price: $989,000   Down Payment:  
Gross Revenue:   Adj. Cash Flow*:  
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Executive Summary
THIS BUSINESS IS ELIGIBLE FOR SALE UNDER PNP (PROVINCIAL NOMINEE PROGRAM)! Motel, Cottages, Trailer park and Restaurant - High Visibility. This year-round diversified business is located on the main highway entering Summerside, the 2nd largest city on PEI and is uniquely situated for easy and convenient access to/from Summerside, Charlottetown, Cavendish and Confederation Bridge. Nestled on 4.3 acres within the City limits, the business has 24 units, 4 charming uniquely different cottages, 3-way hookups for camping trailers, a fully equipped restaurant and a 3 bedroom, 3 bathroom owner/manager/rental apartment above the Restaurant/Office area with a roof top sun-deck. One of the most unique features of this property is a Duck Pond, located at the rear of the motel. Owners receive requests from repeat customers to locate in a room that overlooks the pond, where they can watch, relax and enjoy the serenity of the wildlife in the pond. Many of the units are equipped with kitchen facilities and rented monthly during the off-tourist season. Business Listing price: $989,000* *This price includes all land, buildings, machinery, equipment and tools (everything needed to run the operation). For more information, please contact Kevin Forrester at VR Business Brokers in Charlottetown, PEI at (902) 370-8722 or email kevin@vrpei.com.** **Our contract with the Seller requires that we obtain a signed, legally binding Non-Disclosure Agreement prior to disclosing any further information.** ***Current owners are willing to remain on site for an agreed upon amount of time to train and familiarlize the new owners with the business***

Acquisition Highlights

  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Inventory:
Furniture, Fixtures & Equipment:
Real Estate: $989,000 Included
    Total Assets Included in Sale: $989,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Kevin Forrester
Phone:  (902) 370-8722
E-mail:  kevin@vrpei.com
VR Business Brokers-CHARLOTTETOWN, PEI, CANADA
76 Kent Street
Suite 205
Charlottetown, PE C1A 1N4
www.vrpei.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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