New Price - Hotel & Motel, Restaurant & Pub And Dining Room for Sale
(ID# 979)
(Seller Ref# SSBB014)
Financials
| Asking Price: |
$1,300,000 |
| Sales Revenue: |
$1,560,000 |
| Net Profit: |
$430,000 |
Furniture, Fixtures & Equipment: |
$200,000
(included in asking price) |
| Stock: |
$38,000 (included in asking price)
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Business Summary
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The Business
This business has earned an excellent reputation for providing top notch food, beverage and accommodation service to its clientel.
Popular dining room, pub and casual food service
*sales have doubled in the past five years
*dining room has 60 seats
*pub and casual food service area has 144 seats and 5 VLT's
Recently expanded hotel/motel property.
*occupancy rates exceed industry average
*total of 20 rooms and 4 suites
*10 hotel rooms and 4 hotel suites located on property with plently of parking and excellent visibility
*10 unit motel was built and opened in 2008
*the hotel rooms and suites have been recently renovated.
The Property
*the dining room, pub and casual eating area occupies approximately 3,800 sq. ft. within the 12,600 square foot hotel/motel property.
*the original hotel was built in 1928 with additions in 1961 and 2001
*the 10 room motel was built and opened in 2008
*the property has been well maintained an the hotel rooms and suites have been recently modernized and upgraded.
The Future
*new owners will have the opportunity to operate a very busy and popular business and to continue the tradition of providing excellent service along with modern and clean facilities.
*with a growing economy in southwest Saskatchewan, there will be opportunities for new owners to add or change the service offering to satisfy the needs of a growing customer base.
Sale Information
*100% of the shares of the company are offered for sale and the following assets will be sold with the company
*furniture, fixtures & equipment
*inventory(subject to adjustment at closing)
*building & land
*Asking price is $1,300,000
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General Information
| Employees: |
10 FT 4PT |
| Year Established: |
1928 |
| Trading Hours: |
7 days a week |
Property/Location
| Real Estate: |
Real Property |
Other Information
| Training Support: |
Owners will provide training. |
| Market Outlook: |
Southwest SK economy is expected to continue to grow. |
| Reason Selling: |
Owners would like to retire. |
| Financing: |
Seller will assist with financing. |