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Apartment Motel In Prince Edward Island For Sale

Bedeque, Prince Edward Island, Canada
Asking Price:
$500K - $1M (CAD)
Sales Revenue:
$100K - $250K (CAD)
Cash Flow:
$50K - $100K (CAD)

An easily operated Mom and Pop motel in central Prince Edward Island. This business operates year round and is very profitable with a normal year having 40% of revenue from tourism and 60% from Extended Stay apartment rentals. All units have either a kitchenette or a full kitchen. In the past year 90% of the revenue has come from Extended Stay. Occupancy is typically 85-90% year round. Property is on 5 acres plus and has been very well maintained. Excellent business for a couple or family. Located near Summerside and close proximity to most major attractions and the capital city and international airport. Great potential for expansion into a campground. 25 seat Class B restaurant could be operated in house or leased to others.

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