UPSCALE MOTEL for sale
- 2 Hours from Toronto
- Type: Commercial
- Style: 2 Storey
- Development Level: Built
** Location and pictures are not an accurate representation of the property. Buyer must do full due diligence. **
** Please EMAIL: email@example.com
2) phone number
3) Email address
4) How much you have to invest
APPROX 10% CAP RATE,
MOTEL income approx $830,000 to $905,000 per year (as per seller)
Approximate fixed expenses are $280,000/- and could be a little less depending on the style of someone’s individual operation.
• Not included are expenses like owner’s gas, car lease, car insurance, wages for owners and some equipment which is not an ongoing expense.
• Internet, Telephone and HD TV are now all clubbed and served by Eastlink.
• Wages are set up with a Payroll company.
• Sales are by direct business contacts, repeat business, Reservations on Company website, Expedia.com, Booking.com, VRBO, AIR BNB and Trip Advisor, all with fantastic genuine reviews.
Brokered and Advertised by :
HomeLife Galaxy Real Estate Ltd., BROKERAGE
SUNNY Kashyap, MBA, ABR, 416-284-5555
Information is deemed to be correct but not guaranteed.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.