51 Room Motel in Northern Ontario for Sale

Business Description

This independent motel, located approximately 4.5 hours from Toronto, has 51 rooms for guests of varying sizes, plus living quarters available for the Owner. There is a restaurant and bar located in the motel that offers a variety of food for every meal. It has a well-maintained commercial kitchen, and a nicely decorated dining room that can hold up to 90 patrons. The spacious banquet hall, which can accommodate over 300 guests, is ideal for any private function. Additional private boardrooms that can hold up to 40 people are also available for smaller events. In addition to travellers, the motel also attracts long-term stay corporate customers, due to its facility and location. The motel has a positive reputation, getting an average 4/5 in online reviews. NOI is ~$500,000. It is priced to sell at 13.5% cap rate. The Seller is looking to retire after multiple decades in the business.


Business ID: NONT0028
Business Category: Accommodation
Location: Ontario, Northern Ontario

Status: Available

Financial Information

Asking Price: $ 3,000,000
Gross Revenue: $ 2,000,000
SDE: $ 500,000
FF&E (included): On request
Inventory: On request
EBITDA: $ 500,000
Down payment: $ 500,000
Occupancy Cost: On request

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