Full Service 60 Room Hotel near Edmonton
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Hospitality Business For Sale in Confidential, AB (Listing ID: 3305)
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Annual Earnings:
$1,750,000
Liquid Cash Invested:
$
Borrowed Amount:
$
Interest on Borrowed Amount:
%
Tagged Keywords
Full Service 60 Room Hotel near Edmonton
https://gatewaybusinessbrokers.ca/listing/full-service-60-room-hotel-near-edmonton/
This well-cared for, full service, non-franchised hotel is located within 90 minutes of Edmonton in an important oil & gas town. Revenues are trending towards numbers experienced in 2014, which were in excess of $2.2M, and produced more than $700k in profit, leading to an appraised value in excess of $8M. There are 67 guest rooms, a completely renovated 210 seat lounge, 10 VLTs, banquet rooms, and a 173 seat restaurant that is currently closed but can be reopened with a little work.
Whether this is your first hotel investment or your 20th, this property and sale are well-positioned for a successful transition, with the owner attending to many of the most important matters of the building and rooms, while improving the reputation and following of the property.
The sale is structured as an Asset sale. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.
$4,500,000 CAD
Confidential, AB Hospitality Business For Sale Details
Independent
Legal Body:
Incorporated
Established In:
1991
Gross Revenue:
To Be Discussed
Annual Earnings:
$ 1,750,000
Land/Building Included:
Yes
% of Business Selling:
100%
Reason for Sale:
Retirement
Financing Available:
No
Buyer does not need to have experience owning & operating a business or franchise.
Buyer does not need specific industry experience.
Buyer's networth must be greater than $1,500,000.00
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