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New Price - Hotel & Motel, Restaurant & Pub And Dining Room for Sale

(ID# 979) (Seller Ref# SSBB014)
Location: Saskatchewan > Southwest Saskatchewan
Category: Travel & Accommodation Businesses for sale
Subcategories: Hotels for sale -

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)

Business Summary

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

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.

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