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  • 867 17TH AVENUE in Prince George: Business for sale : MLS®# C8056091

    867 17TH AVENUE Prince George V2L 3Y5
    Main Photo: 867 17TH AVENUE in Prince George: Business for sale : MLS®# C8056091
    $1,399,900
    Business
    Status:
    Active
    MLS® Num:
    C8056091
    Major Bus.:
    Accommodation
    Minor Bus.:
    Hotel/motel
    Floor Area:
    6,240 sq. ft.
    This profitable well-kept turnkey motel has fantastic financials and an awesome established clientele that just keeps coming back. The Prince George Motor Court has 14 renovated stand-alone cabins/units and a caretaker/manager suite all rented at $4140 per week for a total fully rented return of $17,940 per month. Revenues could be increased by moving to a per night rental model and/or renting the manager suite but current business model of renting by the week keeps expenses low and makes it easy to manage. Primary clientele includes Canadian National Railways, Road construction crews, and short-term management contractors. Gross revenues have averaged $185,223/yr in past 4 years operating at approx. 80% capacity giving this motel an attractive 13.23% CAPP rate with room to grow. New provincial short-term rental restrictions should increase future earnings as there are few other short-term rental options in immediate area other than this legal motel. Share sale only. (id:2493) More details
    Listed by Maxsave Real Estate Services
    Mike Hurrell - PREC*
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Data was last updated February 28, 2024 at 06:45 PM (UTC)
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