Profitable Restaurant Pub Motel In Northern Alberta –

Profitable Restaurant Pub Motel In Northern Alberta –

Profitable Restaurant Pub Motel In Northern Alberta –

LISTING DETAILS

Listing ID: 3192

MLS Code: Exclusive
Industry: Hotels / Motels
Reason for Sale: Retiring
Training & Support: Yes
Asking Price: $1,200,000

ASKING PRICE
$1,200,000
DESCRIPTION

Calling all Investors! A very rare investment opportunity to own a long-running and very well known family-run restaurant and pub with a beer store and 12-room motel in High Prairie, Alberta. Conveniently located in the centre of the town next to a popular neighbourhood theatre, commercial and government offices, high-traffic retail stores and a new hospital. This is a booming town with an approximate of $817M budgeted for new residential and commercial developments including a new college that will bring in a dramatic change to the town presenting a stellar investment opportunity to seize and witness spectacular long-term growth in. For over 39 years, the family-run restaurant and pub has been a neighbourhood go-to gathering place catering to a sizable market of town residents looking for great food, great service and entertainment offered by the restaurant’s pool table, and 10-11 Video Lottery Terminals (VLTs) that has one of the top 10 revenue rankings in Alberta. Listing ID: 3192

COMPANY INFORMATION

Franchise: No
Square Footage: 24,160 sq ft

Monthly Rent: $8,585 pm (incl TMI) + HST

FINANCIAL INFORMATION

Gross Revenue: $712,000
SDE: $366,000

FFE Included: Yes

Inventory Included: No

Financing/Terms: Financing Can Be Arranged For The Right Candidate

DISCLAIMER

The information in this listing has been provided by the business seller. Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.

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