Canada Commercial Realty

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C.403.680.6130 | francislee@canadacommercialrealty.ca

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Hotel

GOOD CASH FLOW MOTEL WITH LEASED RESTAURANT

Views: 397

Listing Serial No.

FH1697650372

Price

$2,430,000

Description

DESCRIPTION:                                 50 Guest Room and leased out  98 Seat Restaurant.

SITE AREA:                                      2.79 Acres

ZONING:                                           C1 TOWN

AGE:                                                  15 Room (1999), 35 Room(1980), Restaurant (1999)

 

 

REVENUE(Year End June 30)                        2022                                  2021

Motel            $652,618                              $778,400

Restaurant (Leased out)  Rental income :$52,524, Actual revenue  $246,968

Total         $899,586

NOI           $357,999

 

Note: Restaurant leased to the   owner’s  relative brother in law .

 

AREA DESCRIPTION

“XXXXX  is a thriving urban community situated in the midst of heavy oilfield development and a bustling agriculture economy. Over the past decade, oil exploration has played a vital role in the local economy providing many job opportunities for people in the area and attracting many businesses to the community.

XXXXX has a newer Health Care Centre and Level III Nursing Home with a permanent doctor on staff offering basic medical services. The Health Care Centre is a modern, fully equipped medical clinic with laboratory and x-ray services. The Nursing Home provides top quality, personal nursing care and respite beds. The Centre also offers other services to the community such as Home Care and Meals on Wheels.

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 .