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Details

Located in a beautiful and historic setting, this seasonal 19 unit Accommodations Business and 60+ seats restaurant/lounge has been established and successful for over 30 years.
Nestled amongst nature and a stone's throw away from many beautiful beaches and attractions, no wonder this property is a favourite amongst locals and visitors alike.

Operating only half the year, the location would certainly allow this business to be opened year round, or at least 10 months out of the year, with a couple of winter months' vacation, providing a well-balanced lifestyle and quality return on investment.

Numerous amazing 4 & 5-Star reviews on tripAdvisor, Trivago, Booking, Kayak and other travelers' sites.

This property has received much love and attention over the past years with close to $100k in capital improvements.

2019
Revenues: $342,421
SDE: $79,644
Average past 3 years: Revenues $311,207 - SDE $71,354

** SDE - Seller's Discretionary Earnings are the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. In addition, SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.

19 units located on 5.4 acres of land.

Asking
$629,000 (Shares)
Minimum Equity Required
$250,000

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