Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Comfort Suites, Super 8 And Adjoining Property
LISTING DETAILS
Firms For Sale ID:
32833
Vendor reference:
2379bb
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Business opportunity:
Asking price:
$6,480,000
Furniture, fixtures, fittings and stock included.
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$1,329,490
Net profit / cashflow:
Undisclosed
Years established:
2010
Number of employees:
10
OTHER DETAILS
Reason for selling:
The 5 partners have other businesses and have chosen to go in the direction of these other businesses.
Support and training:
Training and support will be provided for a reasonable time to help the new owner to succeed.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Comfort Suites is a newly construction which was completed and opened in late 2010. The hotel's occupancy rate has continued to increase because of its upscale suites and spacious meeting rooms. Super 8 has recently changed from another name brand hotel to increase the competitive pricing in order to serve the needs of nearby corporations, manufacturers, distributors, large hospitals and travelers. Price includes real estate. Dailey Resources Inc. is a licensed real estate broker. This is neither an offer to sell nor a solicitation to sell securities.
Expansion Potential
Comfort Suites has only been in operation since late 2010 and continues to grow. Super 8 has changed it's brand name in the past two months and started to see an increase in growth. The owners are absentee with all owning/working for other businesses which hinders their ability to operate the two hotels. The owner needs to hire a sales person to visit the businesses in the area.
Market / Competition / Non-Competition Agreements
There are other hotels in the area and down the highway. One hotel is priced to compete with the economical traveler/corporation, and the other hotel is priced for comfort.