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Newly Renovated Franchise Motel In Kamloops For Sale

Kamloops, British Columbia
Asking Price:
$1M - $5M (CAD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
$250K - $500K (CAD)

Newly renovated franchise motel for sale in kamloops

This 41-unit franchise motel is located just off of Trans Canada Hwy and features a pool, upstairs 2-bedroom manager’s suite, and downstairs 1-bedroom suite for rental income. This motel is in a great location! Casino, airport, golf course, and many more local attractions are nearby.

Asking price $3,500,000.

Motel offers following Amenities:
Free Wifi Free Morning Coffee Pets Stay Free
Free Local Calls Kids Stay Free Free Expanded Cable
Swimming Pool

For more information, please contact:
Karim Merali

Real Estate Agent
Keller williams elite realty

Property information

Real Estate:

Real Property Included

Living Accommodation:

Upstairs manager’s suite has 2 bedrooms with den, bathroom, kitchen, and living room
(to be verified by buyer) and

Downstairs suite rented out to students has small one bedroom with living room, separate entrance, and small kitchen (to be verified by buyer)

Location:

Kamloops, BC

Premises Details:

41 rooms motel

Size in square feet:
12,000
Planning Consent:

Registered business with all necessary permits from City of Kamloops, BC.

Consent for any further expansion:To be obtained from City of Kamloops

Business Operation

Expansion Potential:

Kamloops BC is growing fast and more rooms can be added in future with City's approval.

Competition / Market:

other motels in area

Reasons for selling:

Retirement

Trading hours:

24/7/365

Employees:
6-8
Years established:
Built in late 1970 (to be verified by buyer)

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Will be given at the time of viewing / acceptance of offer.

Other Information

Support & training:

2 weeks

Financing available:

No seller financing, buyer need to arrange own financing to purchase the business. Most Banks need 35% down payment.

Furniture / Fixtures value:
$800,000 (CAD) - included in the asking price
Inventory / Stock value:
$75,000 (CAD)

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