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Near the Sea Motel, Restaurant and Camping

Asking price: EUR 940,000
Sales revenues: EUR 653,000 (2008)
Net profit: EUR 59,000 (2008)
Cash Flow: EUR 88,000 (2008)
Employees: 2 full time + 6 during high season

Business description
Motel, restaurant and camping, wonderfully situated by the sea coast, 3 km from Hanko and 1.5 hours drive from Helsinki, Finland.

It includes:
- motel - 17 rooms with sea view, restaurant for 70-100 places, reception, conference room for 35 persons, swimming pool, sauna;
- camping place - 12,5 ha for approx. 200 tent- and caravan places. The resort offers children friendly beach, miniature golf and rental of windsurfing boards, bicycles, rowing boats and canoes. Great possibility for adding value by building additional 20 cottages as well as a new hotel next to the motel (construction permit already in place)! 7 existing cottages can be rented, if required.

Property information
Real estate: the motel building (owned) is included in the asking price and is worth approx. EUR 600,000, as per expert valuation (2006).

All equivalent land for the camping place is based on lease agreement (EUR 24,000/year. Nr. years: 30, with possibility of extension).

Investments of approx. EUR 400,000 are required for bringing the camping place from 3 to 4 stars. Possibility of obtaining 20% of all future investments through EU regional support.

Support & Training
Owners are willing to provide assistance and guidance in the first months after the take over, as per requirements. Current employees may continue their tenure, if required.

Furniture/Fixtures value
Furniture and fixtures for the motel, restaurant, etc. are included in the asking price.

Reason For Selling
Owners limited time due to involvement in other businesses.