Jun 1, 2020 — Alberta 21 Room Motel
Investment Level: 849,000
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.
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. Plus an additional 2017 ( 45,000) 2018 ( 77,000) 2019 ( 83,000)
With the majority of renovations being completed over the last several years, new owners can now focus their time and energy on increased marketing and continued sales growth.
Our clients will work with the new owners to ensure that they will be properly trained and are comfortable in all aspects of operations.
If you have been searching for a business that you can create long term cash flow stability, build long term client relationships, while living in one of the prettiest places in Alberta then this business should be on your must-see list.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.