$2,490,000
FOR SALE

Business for Sale

Hotel/Motel/Inn

Total Area: 22,000 ft2

0 N/A
Whitecourt, AB T7S 1N8

Located at the entrance of Whitecourt, this franchise hotel boasts both profitability and exceptional investment value. Situated on 2.2 acres of prime land, the property features 62 guest rooms, including 6 suites and 14 kitchenette rooms, a 60-seat lounge with 10 VLTs, a 92-seat restaurant, and a 60-seat banquet room with a party room accommodating 4 pool tables. The guest rooms cater primarily to long-term stays, with a focus on clientele from the oil and gas industry, while the bar and restaurant attract both locals and visitors alike. Since the onset of COVID-19, there has been a steady increase in revenue and income. The current owner has been operating the business for a decade since 2014 and is now looking to retire. With a staff of 18 employees, the business recorded $1.55 million in revenue for the fiscal year ending February 2023. (Given that the fiscal year for this corporation ends at the end of February, the revenue reported in the 2023 financial statements largely represents that of 2022.) (id:47421)
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Listed By Initia Real Estate
Data Provided By REALTORS® Association of Edmonton
MLS® Listing Number E4379153
Last Updated Mar 28, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Hotel/Motel/Inn
Franchise Non-Franchise
Neighbourhood Whitecourt
Price History

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Detailed Information
Total Area 22,000 ft2
Listing Contract Date 2024-03-27
Municipal ID ZZ999999999
Property Type Business
Transaction Type For sale
Business
Business Type Accommodation
Business Subtype Hotel/motel
Building
Constructed Date 1979
Land
Total Size 95396 square feet
Acreage Yes
Size of Irregular Land 95396

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