Profitable Boutique Hotel with Significant Growth Potential
$3,500,000
Real estate included
The property comes with the business.
Training included
The seller will help you get up to speed after closing.
Established 10+ years
A track record buyers and lenders tend to trust.
About this business
Well-established boutique hotel and vacation rental business in a prime Lake Erie tourist island location. Offers stunning lake views, proximity to a National Monument, and significant growth potential. Ideal for entrepreneurs seeking a turn-key operation in a thriving tourist destination.
The numbers
How the asking price compares with what the business brings in each year.
- Asking price$3,500,000
- Annual Revenue$355,155
- SDE$253,096
- 14×
- Price to SDE
- 9.9×
- Price to revenue
- 71%
- SDE margin
Details
- 2004
- Established · 22 yrs
- 2
- Employees
- Vacation Rental Property Management
- Business type
- Owned · included in price
- Premises
Financing & transition
- Training after the sale
- Included
- Cost
- Free
- Duration
- 4 weeks
Property & lease
- Premises
- Owned
- Included in Sale Price
- Yes
Where it is · Cleveland, Ohio
Somewhere in Cleveland, Ohio. The exact address is not on this listing.
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