May 11, 2020 — Is it time for an income and scenery change?
Our clients purchased the motel in 2015 and over the next few years have invested hundreds of thousands of dollars into upgrading infrastructure and tastefully updating rooms which attracted new repeating clientele which has resulted in year after year increased sales.
Our client’s 21 room Motel which is located on a major Alberta highway in a picturesque town provides an opportunity that should interest many people who are searching for a new way to create and build wealth.
Recently the management that was in place has moved in another direction and the owners who operate other businesses now realize that with their other businesses growing in size, that they can no longer invest the time required to continue the positives that they have built.
Business at a glance.
Gross Sales: 2017 (196,000) 2018 (220,000) 2019 (283,000)
Normalized Net Income as owner operator: (2017) 75,000 2018 (61,000) 2019 (146,000)
Money invested in Renos: Owners took over in 2016 and spent over 200,000 in renos in getting the motel up and running. They also spent in 2017 ( 45,000) 2018 ( 77,000) 2019 ( 83,000)
Great opportunity to work with owners who understand the change in normalcy and will work with buyers to shape a business sale that will be beneficial to both parties.
Disclaimer: DealStream has not independently verified any of the information in this post and makes no warranty as to its accuracy or completeness.