Description

Signature Resort Hotel, Golf Course & Residential Development

Located in one of Atlantic Canada’s most recognized tourism areas, this diversified and growing hospitality business features a 79 room full service, self -contained hotel with multi-purpose dining and conference facilities. The business has generated $3,300,000.00 in sales over the past 2 years with an annual net ordinary income of $430,000.00; projected sales for 2016 are $3,900,000.00 with net ordinary income of $790,000.00. This is a seasonal (April to November) operation and features spectacular ocean views and vistas throughout the property. The asking price for the business including the hotel and its occupied parcel is $5,400,000.00. The business was established in 1983 and is recognized throughout Canada.

Two adjoining golf courses drive significant sales to the resort; an 18-hole course under lease and a 9-hole course which is owned by the business and also for sale. Also, contiguous to the existing resort operation is valuable real estate available for further development, offering a new owner multiple options to advance current plans or create a new vision for the property. The list price for the 9-hole golf course and real estate is $4,200,000.00.
This is truly a one of kind opportunity!

Posted Mar 8, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Suggested Searches

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.