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For sale Crowsnest Pass Motel

The Affordable Business We introduce Alberta & Saskatchewan Business Selling Owners to serious buyers. Alberta, Canada Crowsnest Pass 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 reno’s in getting the motel up and running. Plus an additional 2017 ( 45,000) 2018 ( 77,000) 2019 ( 83,000) Visit theaffordablebusinesspartner for more information. Thank you.

Ad #
37028750
Posted
January 18, 2021
Expiry
April 18, 2021
Status
NOT SOLD
Details
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