21 Room Motel
Investment Level: 849,000
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.
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.
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)
Money invested in Renos: Owners took over in 2016 and spent over 200,000 in
reno’s in getting the motel up and running.
Plus an additional 2017 ( 45,000) 2018 ( 77,000) 2019 ( 83,000)
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.