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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,600,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
An exceptional turn-key hospitality business opportunity offering a 28-room motel, restaurant, cabins, campground and more ideally located in a high-volume tourist area close to key attractions. Spanning 4.55 acres, the site features a motel with 28 rooms with 14 double rooms (2 queens) and 14 single rooms with queen beds. Along the property water frontage, there is 6 cottages. Three cottages feature a full kitchen, living room and a bathroom, the other three feature 1 bedroom, a kitchenette and a living room. All have decks and BBQs providing picturesque views of the Petitcodiac River. In addition, there is a full-service 70-seat licensed restaurant with exterior patio that caters to the public and special events. There is a gift shop/snack area in the entrance as well as onsite laundry for all guests. Adjacent to the building is a full-service ice-cream bar building onsite. The property is equipped with 14 campground sites, 5 of which are full service and the remaining 9 with two-way service. The public washroom building has an additional studio rental as well. The exterior has a 16x32 foot above-ground pool a children's playground and a firepit area for guests to enjoy. Located just 10 minutes from the well-known tourist attraction, Hopewell Rocks, and 40 minutes to Fundy National Park. These areas continue to see surges in tourists, on the heels of the opening of the new Fundy Parkway Trails. Do not miss this opportunity, text or call for a viewing today. (id:39198)
Location
Province
New Brunswick
City
Edgetts Landing
Address
3471 Route 114
Postal Code
E4H2G4
Location Highlights
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Listed by
Colliers International New Brunswick New Brunswick listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
13,300
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$1,600,000
Asking Price
$1,600,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
13,300
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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