Fast Growing Lodge

Fast Growing Lodge

Fast Growing Lodge

LISTING DETAILS

Listing ID: 3330
Type of Sale: Asset
MLS Code: Exclusive
Industry: Hotels / Motels
Reason for Sale: Personal
Training & Support: Yes
Asking Price: $699,000

ASKING PRICE
$699,000
DESCRIPTION

Looking to own and operate a bustling business in the heart of downtown! Look no further than this rapidly expanding lodge! Open since 2017 it started out with 8 beds which quickly grew to 38 due to constant demand by the end of the opening year. Since then the two upper floors and the remaining commercial ground floor have been completed. Centrally located off of one of downtown's busiest main roads this well-loved lodge is near tourist hotspots like CNE, Liberty Village, Budweiser Stadium, Lake Ontario, and more coupled with restaurants, bars, and entertainment. Growing area which, when finished, can easily double nightly rates. Many repeat customers invite tremendous opportunities for growth including converting unfinished garage space into a dining room/lounge with 2-4 bathrooms. Final bed count is expected to be 80 beds with a kitchen for breakfast service, laundry room, and space for seated meals. This list goes on and on so inquire today about this amazing deal! Listing ID: 3330

COMPANY INFORMATION

Year Established: 2017

Employees: 6
Franchise: No
Square Footage: 8,000 sq ft

Monthly Rent: $23,400 pm (incl TMI) + HST

FINANCIAL INFORMATION

SDE: N/A

FFE Included: Yes

Inventory Included: No

Financing/Terms: Financing Can Be Arranged For The Right Candidate

DISCLAIMER

The information in this listing has been provided by the business seller. Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.

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