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Unit Limited Service Hotel Leased Restaurant
Location: Canada -> Saskatchewan
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Located at an important major intersection in one of the hub-cities of Western Canada, this 101 room property is within close proximity to all major industrial and commercial business as well as the international airport.

Four‐storey, slab‐on‐grade limited service property offering guests an indoor swimming pool, waterslide, whirlpool and exercise room, two meeting rooms and a coin‐operated laundry.

Room mix is comprised of king and queen sized bed(s).

New restaurant lease just signed.

Restaurant Lease for most recent year - $265k
Hotel Revenues - average of $4.3M over the past 5 years. Last 2 years has averaged $4M

Occupancy and ADR have historically been above average when compared to market.


- Built in 2000, this 101 room hotel complex includes a freestanding 6,126 sft franchised restaurant (leased, international chain)
- Situated on 2.75 acres.
- Excellent destination/retail location.
- Municipal Services include electricity, natural gas, water, telephone, sanitary and storm sewer, paved streets, sidewalks, and lighting.

Mechanical:

Heating - Gas fired package HVAC with supplementary electric baseboard heaters. All areas are air conditioned. The rooms are heated and cooled by wall‐mounted electric units.
Electrical - Main service is three phase
Domestic Hot Water - Gas‐fired commercial glass‐lined hot water heaters
Price

$18,500,000


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   $4,000,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2015
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned




Print Listing Id: 700283897
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Saskatchewan Businesses For Sale > Saskatchewan Franchises For Sale



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