French River Inn, 14 Units Motel And Restaurant
Location: Canada -> Ontario -> French River
Industry: Hotels and Holiday Accommodation > Motels
Businesses for sale Summary
French River Inn, 14 units motel and restaurant for sale with 150 seats and liquor license. Owner’s accommodation. Laundry facility. Can be easily converted back to 18 units motel. Located in famous French River area right on hwy 69 on nicely treed 4.85 acres. Parking for 60+ cars. 2 car detached garage. Restaurant built in 1960, motel rebuilt in 1990. Approx 8,000 sf of commercial space. Owners want to retire after 25 years of running successful business. Abutting treed 90 acres with 4 acres pond and 20 ft access to French River can be also sold. Also available for sale are adjoining 6 building lots 2-3 acres each 200-300 ft on French River.
Motivated sellers, come down to have a look and make an offer! Property taxes $6,329 for 2008. Asking price $1,250,000.
Financials
Asking Price Range: $1.0M – $2.5M
Gross Revenues: Seller Will Provide
Cash Flow: Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 1990
Number of Employees: 1 – 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Yes.
Reason For Selling: Retiring.
