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Successful Bar And Restaurant With Living Quarters Above For Sale

Heisler, Alberta
Asking Price:
$250K - $500K (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (CAD)
Cash Flow:
$50K - $100K (CAD)

Steady earnings from renovated hotel built in 1925. We run the 75 seat bar as a pub style restaurant leaving the 40 seat restaurant side clear for your ideas. We do not have VLTs but our hotel has been approved for them which could be another earnings improvement. The bar is reliable enough and with the 3 bdr 3 bath living quarters above any family would live comfortably with room for growth. Selling due to health. We also have immigration lawyer contacts available to expeditite citizenship requests.

We have a bank appraisal commissioned in April 2018 for the building only 300k

Property information

Real Estate:

Real Property Included

Living Accommodation:

1200 square feet with fully renovated 3 bedroom 3 bathroom suites. Main bedroom has walk in closet with organizers. Granite countertop in kitchen with S S appliances

Location:

Main street with direct highway frontage

Premises Details:

3 lots with 2 commercial lots behind hotel with highway frontage

Business Operation

Expansion Potential:

2 lots with sale for expansion or seperate buisness behind hotel with highway frontage

Competition / Market:

Nearest competition is 35 km away but not within our direct highway access

Reasons for selling:

Health

Employees:
7
Years established:
7

Other Information

Support & training:

Negotiable

Furniture / Fixtures value:
$40,000 (CAD) - included in the asking price
Inventory / Stock value:
$7,500 (CAD) - included in the asking price

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