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All-in-One Full Service 138-Room Hotel, Restaurant and Liquor Store

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Price: $13,950,000

Annual Revenue: $4,190,000

Minimum Equity Required: $5,580,000

SDE: $1,680,000

Location: Alberta

Industry: Restaurants, Hotel Motels Cottage, Retail

ID: 1326

Status: Sold

Description

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.

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

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

Operations

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.

For more information on this listing, please complete our Non-Disclosure Agreement

Complete NDA For Full Overview
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