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Jun 11, 2018 — A seasonal accommodations business that has received great love and care, located in one of the most desired tourist destinations in all of Nova Scotia and at the heart of where so many want to stay and enjoy this favoured time of year. Waking up to the beautiful water and white sand beach that sits at your front porch and the evening sunsets you will enjoy will be a true blessing enjoyed after a good days work. This can be the ideal lifestyle for many, is it for you?
All units have seen updates and upgrades over the past few years. From a lifestyle perspective, waking up to the beautiful water and sites that sit at your front porch and the sunsets you will enjoy will be a true blessing enjoyed after a good days work.
This business operates from early May - Mid October. Where will you go in winter?
Total of 4 seasonal part time staff required to run, in addition to owner (husband and wife). 3 housekeeping, 1 office staff.
Excellent occupancy year over year, room to increase the rates. Expectation is an owner/operator will be able to generate in excess of $200k per year. Bookings for 2018 are already well ahead of 2017.
- Seller's Discretionary Earnings (SDE) have averaged $205k over the last 3 years, and are trending upward.
- Revenues have averaged over $350k and has been trending upwards with the ongoing improvements and updates the business has received.
SDE are the pretax and pre-interest profits before non-cash expenses, owner salary, one time investments, and any non-related income or expenses. SDE may require expenses be normalized or adjusted if a new owner will be required to take on a new expense.
The minimum equity required should be expected at $550k.
There are a total of 19 units located on 2.87 acres, serviced by on-site septic and well. There is an additional 3.56 acres where the residential home is located, which includes approximately 3 acres of additional lands available for development.
The purchase of the home would be an additional $200k. Residential mortgage applicable.