Business for Sale

Mile Zero Motel and Restaurant

usiness
Midway Midway Kootenay Kootenay Boundary
Accommodation & Resorts
$639,800.00
 

Syber Realty Ltd. is pleased to offer the Mile Zero Motel and restaurant in the quaint community of Midway, BC. The motel is located on the heavily travelled Highway 3 about thirty minutes from Grand Forks and about 45 minutes from Osoyoos BC. Midway is an attractive, stable community with a very agreeable climate located in the Boundary region of B.C. 

The motel has been under the same ownership for thirteen years. The existing owners have reached retirement age and now wish to move on. They have brought the motel up to the standards expected by the travelling public today. All of the rooms have been substantially renovated and are very comfortable. All of the major work is done! The motel shows very well and a new owner will not face any major projects immediately. 

The restaurant is also in good condition and is very neat and tidy. All of the restaurant equipment, furnishings and small wares are included in the purchase. The restaurant has been leased to the same operator for three years with a three year renewal signed in March 2015. The new lease includes a further two year option. The restaurant which enjoys a very good reputation in the West Boundary is very helpful in the selling of rooms. 

The motel includes a comfortable suite for use by the owners/manager which includes two bedrooms, a sitting room, kitchen and bathroom. Seldom does a package like this become available at this price point. If you are considering a motel investment under $1.0 Million the Mile Zero should be on your list!



 
 
 
 
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Community Profile: Midway

Kootenay
Kootenay Boundary

The Village of Midway, population 674 people, is located in the heart of the Kettle Valley where the Kettle River meets the mountains and meanders through the Canada-USA border. A small border town with a big personality, Midway has something for everyone.

Statistics
Total Population 674
Median Household Income $37,122 ($CDN)
Closest Commercial Airport Penticton Regional Airport (115km)
Closest Ocean Port Port Metro Vancouver (459km)
Closest Major Centre Vancouver (458km)
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