Opportunity Knocks! Very Successful Motel / Restaurant for Sale
$3,250,000.00 (Cdn)
Business Location: British Columbia Postal Code: V0J Relocatable: No
Business Categories:
Accommodation & Recreation Food & Related Products
BUSINESS FEATURES
The North Country Inn offers quality lodging which is kept immaculate and there is no deferred maintenance. Each of the 28 rooms has high speed internet and some have a kitchnette.
The restaurant features German and Canadian cuisine and offers great family dining in a cozy log-house atmosphere. The large fireplace and many displays on the walls showing animal trophies and other interesting memorabilia create a warmth that relaxes and satisfies.
FINANCIAL INFORMATION
The North Country Inn is very profitable indeed, showing a 9.6% return on the asking price AFTER all operating expenses and wages, management fees and bonuses for the five family members that work there.
The preliminary information package will give you a detailed description of the location, the Motel and the Restaurant. Qualified buyers will then be able to review the 2007 financial statements as well as a breakdown of the wages and an equipment list.
MARKET & COMPETITION
The business is located in Vanderhoof, BC, the geographic centre of British Columbia. This town of approximately 5000 people depends on agriculture, forestry government agencies and conservation to drive the economy.
The North Country Inn offers some of the best accomodations around and the restaurant is a favourite not only with the locals but also with anyone staying in town.
In a town of 5000 there is not too much competition but The North Country Inn has no significant rivals..
INCLUDED, EXCLUDED & OPTIONAL
- INCLUDED in the Price -
North Country Inn Ltd.(share sale)
Land, buildings and business
28 room motel
128 seat licensed restaurant
This family run business has been operating and growing since 1984. The motel and loghouse restaurant have been carefully maintained and have become the the most popular accomodations and fine dining restuarant in the area. The Motel has been expanded with the two newest buildings completed in 2004.
This business is offered at a 9.6% CAP rate after wages, management fees and bonuses so that rate of return could be increased significantly.
For information package, e-mail: dblack@royallepage.ca
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of the information shown in this "Business For Sale" listing
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The Buyer should contact the Seller directly and verify
the accuracy of all information to his own satisfaction.
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