All-in-One Full Service 138-Room Hotel, Restaurant and Liquor
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Hospitality Business For Sale in Confidential, AB (Listing ID: 3611)
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Annual Earnings:
$4,190,000
Liquid Cash Invested:
$
Borrowed Amount:
$
Interest on Borrowed Amount:
%
Tagged Keywords
All-in-One Full Service 138-Room Hotel, Restaurant and Liquor
For sale is a well-maintained, full service, non-franchised hotel that consists of 138 rooms: main building, 67; lodge, 35; other, 36.
The total number of rooms with kitchenettes are 60, 18 of which are occupied full-time by long-term emergency medical & safety crews. In this town, kitchenettes are on high demand. This business has several advantages as it operates in a high traffic area.
Included in the business are:
- Leased restaurant, lounge (with 4 VLTs) and liquor store.
- Coin laundry (with 7 washers and 8 dryers) with an income of $50,000/year.
FINANCIAL INFORMATION
Annual Revenues and Net Operating Income:
2022 (accounting for 11 months YTD financials)
Revenue: $4,183,725
NOI: $1,675,395
2021
Revenue: $3,246,089
NOI: $1,439,978
2020
Revenue: $1,515,299
2019
Revenue: $2,496,828
NOI: $675,934
REAL ESTATE
Lease details:
Restaurant's lease is at $300,000 including utilities and will be renewed in 2023 for another 5 years. The rent fee will go up when the number of VLTs increases and one more VLT is expected in 2023.
Liquor store's lease is at $60,000 including utilities and the term is until 2024.
All furniture, fixtures and equipment are owned by the landlord.
$13,950,000 CAD
Confidential, AB Hospitality Business For Sale Details
Independent
Legal Body:
Incorporated
Established In:
1962
Gross Revenue:
To Be Discussed
Annual Earnings:
$ 4,190,000
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 $5,580,000.00
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