Timmins Motel - High Demand Location, Sold Out Consistently For Sale

Description

Business type: motel and hospitality business

Location: Timmins, Ontario

Current status: established operating hospitality business

Property: included with the operating business

Operating setup: turnkey

Financial information

Average monthly income: stated as strong five figures

Annual income: stated as six figures

Cash flow: stated as strong

Accommodation

Guest rooms: 15

Guest rooms: fully furnished

Private bathrooms: available in all rooms

Kitchenettes: available in the majority of rooms

Guest room mattresses: new

Roku smart TVs: available in all rooms

Property

Location type: highway-fronted property

Highway visibility: stated as high

Owner or staff apartment: two-storey

Front office: available at the main entrance

Live-work setup: possible

Guest parking: ample

Direct room-front parking: available

Property setting: quiet and secluded

Location

Mattagami River: less than 1 km away

Hiking trails: nearby

Town amenities: accessible

Commuter routes: accessible

Customers

Year-round client base: established

Repeat business: established

Recent upgrades

Electrical system: brought up to code in 2023

Fire alarm system: updated in 2023

Plumbing: converted from copper to PEX in 2023

Tankless boilers: 2 new energy-efficient units

Heating lines: updated

Guest room flooring: new 8 mm vinyl

Windows: majority replaced in 2023

Double curtains: installed in all rooms

Guest room appliances: replaced in 2023

Guest room bedding: replaced in 2023

Guest room equipment

• Mini fridges
• Microwaves
• Toasters
• Lamps
• Bedding
• Roku smart TVs

Development land

Zoned lots at rear of property: 18

Previous lot use: mobile homes

Future redevelopment: possible subject to required approvals

Future accommodation expansion: possible subject to required approvals

Potential buyers

• Owner-operators
• First-time commercial buyers
• Hospitality operators
• Motel operators
• Companies seeking workforce accommodation
• Real estate investors

Expansion options

• Redevelop the 18 rear lots
• Add accommodation units subject to required approvals
• Develop workforce accommodation
• Increase utilization of kitchenette-equipped rooms
• Increase direct and repeat bookings