Canada Commercial Realty

8080d3401986e2543efb2208b11863a0

C.403.680.6130 | francislee@canadacommercialrealty.ca

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FRANCHISE HOTEL, LEASED RICKY’SGRILL , CONFERENCE CENTRE AND LIQUOR STORE

Views: 81

Listing Serial No.

FH1683914725

Price

$8,390,000

Description

DESCRIPTION

132 Guest Rooms:• 41 Business Deluxe,• 45 Standard Double,• 15 Standard Double (Outside Access 15),• 15 Standard King,• 6 Mini-Kitchenette,• 2 Family Suites,• 4 Executive Suites
• 2 Full Kitchen Suites,• 1 Jacuzzi Suite,• 1 Access Suite

Ricky’s All Day Grill – Franchise opened July 9, 2022,

• Sternwheel Games Room and Lounge with 32 VLT’s,• Sharks Billiards and Sports Lounge,• 9,000 square feet of meeting space,• Ballroom accommodating 200 guests
• On Site Liquor Store

LAND SIZE: 3.22Acres

REVENUE: $4,22,944 (2022)

Room: $1,696,379, F&B: $619,024, Liquor store: $1,268,724, VLT :$364,269,Other : $174,489

Owner financing available for the qualified client.

LASE DETAILS

  • Area of Premises: 4,589 square feet
  • Minimum Rent: $4,000 plus GST a month
  • Percentage Rent Factor: 11% of revenue 
  • Prepaid Rent: $8,000 plus GST, Applied to 1st and 60th month of rent
  • Term: February 21, 2021 to April 30th 2032.
  • Options to Renew: two 5 year options to renew at same terms except that there shall be one 5 year option to renew in the first renewal term and no option to renew in the second renewal term. Rent subject to review.

CONFIDENTIALITY AGREEMENT

    RE :

    I hereby acknowledge that information regarding above business(es) and /or Seller(s) is being provided to me SECRECY and CONFIDENCE and is to be used solely for the purpose of assessing the prospective purchase of the business(es) or property through Maxwell Canyon Creek Realty Francis Lee.

    I agree that such information will be held in strict confidence, that all matters concerning the a aforementioned property will be handled through Maxwell Canyon Creek Realty Francis Lee, that I will not approach or attempt to deal with the owners or employees either directly or indirectly.

    I agree not to disclose any of the information given in connection herewith, either directly, or indirectly, to third parties, except direct support people; nor will I use, or assist others to use, any such information for competitive trade purpose or to circumvent Maxwell Canyon Creek Realty in any transaction or contact with the Seller(s). I agree not to make copies any of the material provided and to return all of it if I discontinue interest in the Business. The material and information furnished is believed to be reliable for the purpose of evaluating the business.
    Further, I agree that all inquires, investigations, negotiations, offers to purchase, and/or letters of intent must be made through Maxwell Canyon Creek Realty Francis Lee. I agree to protect and not disclose the confidentiality of the information I receive permanently, even if I choose not to purchase the said business or property.

    I agree that any breach of the Confidential Agreement (the “Agreement”), directly or indirectly, will be harmful to the Seller(s) and Maxwell Canyon Creek Realty . In consideration for the information given, I agree that the laws of Alberta will govern this Agreement and that all actions that may arise in law and or equity shall be brought in Alberta.

    Accepted and agreed this .