Business For Sale Listing 79094

Franchise Hotel For Sale

Status as of Nov-22-2008 at 06:12 PM: Active

Business Summary

Franchise Hotel & Suites, Niagara Falls, Ontario

Investment Highlights

The hotel is located in Niagara Falls. The Hotel enjoys good visibility and is easily accessible from the major traffic corridors in Niagara Falls.

The hotel is one of the first visible hotels for travelers. The hotel is only five minutes from the new Vegas-style Casino site, and is within a 15-minute walk of the Falls, Skylon and Minolta Towers, Imax Theatre and Casino Niagara. Other nearby attractions includes Queen Victoria Park, Helicopter Rides, and Maid of the Mist Steamboats. Clifton Hill Museums and Attractions, Winter Festival of Lights, Marine land, numerous factory outlets, Butterfly Conservatory, Great Gorge Adventures and the Shaw Festival Theatre.

The hotel is approximately 25 miles (40 kilometers) from the Buffalo International Airport and about 75 miles (120 kilometers) from Pearson international Airport, Toronto.

Reason for Sale: Owners want to go back to home country.

Total revenue $4.6 million -- Occupancy 61% -- Average room rate $87.

EBIT $1,500,000 -- CAP Rate 9.3%

Asking price is $16,000,000.

Industry:	Hotels & Motels For Sale Accommodation & Food Services Businesses For Sale
Location:	Ontario Businesses For Sale Businesses For Sale In Canada Other Ontario Businesses For Sale
Other:	Franchise Business Opportunity Leads Business Opportunities Business Opportunity Leads Small Businesses For Sale Franchises For Sale

Industry

Sector:	Accommodation & Food Services
Industry:	Hotels & Motels

Location

Classification:	Canada // Ontario // Other Ontario
Location:	Niagara Falls, Ontario

Financials

Sales:	Between $2.5 Million And $5 Million ($4,600,000)
Profits:	Between $1 Million and $2.5 Million
Profit Type:	Earnings Before Interest & Taxes (EBIT)
Fiscal Year:	2005
Asking Price:	Between $15 Million and $20 Million ($16,000,000)