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Motel For Sale In Melita, Manitoba

$299,000

, , in

Updated Jul 7, 2022
Motel For Sale In Melita, Manitoba

Listing Details

Co-op commission:

Subtype: Motel, Restaurants & Food

Business Type: Motel

Description

R33//Melita/Looking for the perfect business opportunity in the town of Melita? This well established 26 unit motel consists of 18 single rooms, 5 double rooms, 2 suites, a managers room and the main building which houses the office, a restaurant and laundry. Currently the restaurant is being rented, however additional revenue could be made if you were to run it yourself. There is also the option to live right on site. It is ideally located in a high traffic area just off of Hwy 83 & Hwy 3. The business has the following characteristics: 1. Good location. The Motel is located in the center of Melita town, which is passed by two highways (Hwy 83 and Hwy3). There is a lot of passenger flow every year. 2, easy operation without pressure. This Motel has 18 single rooms, 5 double rooms, 2 suites, 1 manager's room, 1 Main building (including restaurant, office, laundry room). Average work 3-4 hours a day, the workload is not much. Especially suitable for family management. The manager's office is available for the boss's family to live, saving the cost of buying a house. 3. Good investment returns. A conservative profit estimate of C $50,000 - C $80,000 per year. The restaurant is currently rented and earns a fixed income of C $1,100 a month. If you take it back, the operating income is greater. 4. Diversified and stable customers. Due to the Motel after 4 owners more than 40 years of careful management, has accumulated a large number of old customers. The main customers are oil workers, highway maintenance personnel, sales and maintenance personnel of major companies, sightseeing tourists, family parties, group parties and hunting personnel. Of particular note is the year-round residence of oil workers. With the current high oil price, the oil extraction industry is bound to flourish and more customers are expected to move in. 5. Low competition in the same industry. At present, there are only two hotels in Operation in Melita, and there are only 2-3 hotels in surrounding towns within an hour's drive. Some of them have closed down, while others are in operation but most of them have few rooms. 6. There is huge potential for future upgrading and renovation. The commercial property still has lots reserved for future upgrades. New owners can also upgrade existing rooms to their liking. If you want to become an entrepreneur, want to achieve their own career, no longer work for the difficulties and anxiety, the business is the best choice!

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Location & nearby

This listing is located in Melita, MB R0M 1L0

34 Boundary St, Melita, MB R0M 1L0, Canada

Billy Du

Principal
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