Boutique Hotel in Halifax
Travel Businesses for Sale
Rare opportunity to take over an established hotel business and rent the premises from the owner on a minimum 10 lease with an option to buy the real estate or renew the lease at the 10-year mark.
This recently opened hotel features premium, thoughtfully designed suites, each with its own personality, providing a unique guest experience in a great Halifax location. The business operates with a low service model and minimal staff are required for its operation.
Projected annual operating cash flows for the 2023 calendar year are $325K which is after all cash operating expenses, rent to the owner of the hotel real estate, and wages for the owners’ time in the business.
Some vendor financing will be available for qualified Buyers. The Vendor believes this opportunity will be most suites to those with previous hotel or hospitality experience. Only qualified and experienced persons should apply.
Financial Information
- $1,350,000 Asking Price
- On request Cash Flow
- On request Gross Revenue
Business Location
- City: Halifax
- State: Nova Scotia
Detailed information
- Year Established: 2021
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Part-Time Employees: N/A
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Adjusted EBITDA: On request
- Inventory Included: No
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: $0
- FF&E Included?: Yes
- FF&E Value: $330,000
Business Listed by
Richard Fewell
Sunbelt of HalifaxContact Business Broker
"*" indicates required fields