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Hotel Restaurant And Liquor Store In Alberta For Sale

Canada
Lodging and restaurants
Company Data
Price
$13.9M
40%
Revenue
$4.2M
Top 10%
Profit
$1.7M
8X
Business Overview
About the Company
ABOUT THE LISTING 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 is 60, 18 of which are occupied full-time by long-term emergency medical & safety crews. In this town, kitchenettes are in 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. The sale is structured as an Asset Sale. Working Capital shall be adjusted at $0. 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. 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 2018 Revenue: $3,253,670 NOI: $1,259,491 REAL ESTATE Lease details: The 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. The 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. For more information on this listing, please complete our Non-Disclosure Agreement
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