Atlantic Canada's Business Transition Specialist

SINCE 1998

ASKING PRICE:  $990,000
LOCATION:  Perth-Andover, New Brunswick

The Castle Inn is an upscale inn and restaurant in Perth-Andover in the St. John River valley of New Brunswick.  The town is located directly on the TransCanada Highway and 10 minutes from the United States border. The 14,750 square foot inn sits on a 12.5 acre parcel of land which is tree covered and beautifully landscaped. The building is a remarkable structure with stunning architecture and superior craftsmanship exhibited throughout. It has 13 luxurious bedrooms including 2 suites, a large dining room, commercial kitchen, sunroom, indoor pool area with hot tub, steam room and fitness suite.

The Castle Inn opened for business in 2005 and over the years established an enviable reputation for providing a high-end accommodation and dining experience. During this period sales were in the $300,000 to $350,000 range. Without full food service revenues for the past two years average about $215,000. 

This opportunity will be of particular interest to individuals with strong management and marketing skills preferably in the hotel/restaurant industry. 

The assets of the business are offered for sale for $990,000 (Cdn). The offering price includes the land and building and all furniture, fixtures and kitchen equipment. The land and building were appraised in 2010 at $1,554,000. The facilities are first-rate and continue to be maintained to the same high standard as when fully operational with no significant deferred maintenance issues known to the owner.

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