Net Operating Income for 2015 and 2014 was in excess of $190,000.

2016 is expected to exceed $700,000, given the addition of 3 brand new 5-star suites.
2015 revenues were $650,000.

$1,349,000. This is a Share Sale. Seller is open to an asset sale as well. Inquire for more details. The minimum equity expected from a prospective buyer would be $750,000.

If you've been looking for a motel and cottages business that has established reputation, is a strong performer, requires no immediate improvement, and you can just walk in and provide your personal touch and attention to continue growing a well established business, this is certainly worth looking into.


- Many will appreciate, this is a rooms only operations, with no food services other than a continental breakfast.
- There is a good staff of 12 (high season) full and part timers supporting the daily operations.
- The revenue base is year round and comes from various segments of the market. There is a good commercial trade for this property including construction and professionals, in addition to a strong tourism trade.
- This property would be considered the market leader, in size and quality. There is room to continue growing, if demand and desire persisted.
- Owner's / Managers quarters on property.

A full overview of the property, it's operations, mechanical systems, financials, and the surrounding market and demographics is available.

Real Estate / Lease:

There are several buildings that make up this 35+ Unit Motel & Cottages business, all of which are either brand new or recently renovated.

- town sewer for entire property
- town water for most units, well system for the balance
- all electrical and plumbing is updated
- almost all roofing is within 5 years

The seller has taken great care in this property and your viewing and inspection will prove to the same.

Posted Jul 12, 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.

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