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Strong room sales year round this business needs a new family to take over from retiring owners. Tourism income growing every year and Extended Stay income has filled the off season months (or what we like to call our "Second Season"). Busy time for everyone during the summer months but lots of time off in the Second Season when we run basically as an apartment motel. Twenty two units with 16 having kitchens. Twenty Five seat restaurant with potential as a specially operation if operator has food background. Five acres of land accompany the motel and there is the potential to have a convenience store/ gas bar/ electric charging station on the property. Residence (Four bed and four bath) available under separate title-not currently part of motel sale.
Real Property Included
An owner could take advantage of living in one of the suites in the motel, or could install a manager. There is a separate residence five meters from the motel.
Located on TransCanada Highway to Summerside and north part of the Island. We are are 15 minutes from the Confederation Bridge which is the main gateway to the Island. Approximately in the middle of the Island we are surrounded by an ocean playground with appropriate bounty.
Well established business started in the 1960's Major renovation took place in 2012 and 2013 but upkeep quality has been constantly maintained.
Lobby and restaurant are in the same part of the building.
Planning would be required to either build more units or add the gas bar convenience store to the enterprise; otherwise there is no application or business license required.
Great potential to build a convenience store/gas bar/ electric charging station on the property; but one could also add more residential units.
Being in a suburb of Summerside (itself around 15,000 population) we enjoy our connection with the City and all of its events including the draws that come from major entertainers, and sporting events
Owners retiring and settling elsewhere on the Island.
Varies by season; but 7 AM to midnight during peak season
Seller will provide adequate support to purchaser to assist with success.
Owner may consider short term top up financing.
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