Hotel Liquor Store Leased Restaurant And Extra Land For Sale

Business description

Syber Realty is pleased to offer this quality traditional hotel!

Syber Realty sold this business to the current owner 14 years ago. The business was only a skeleton of what is offered today. Every year since he bought the business Gross Sales have increased.
During the owner’s tenure the building has had a total transformation beginning with a total rebuilding of the bar, the seating area, smoking area, and “lounge” area. More recently the restaurant seating area was decommissioned and totally rebuilt and expanded. It has been leased for over 5 years and the tenant has committed to renew his lease. He has had a successful Chinese food operation here for many years.

Also at this time, (2003), the owner added a new beer, wine, and liquor store. Since that time, a further addition has taken place for storage and receiving which has greatly enhanced the efficiency of handling product for the beer and wine store.

Over the years, all windows were replaced and the 14 rooms were all upgraded. Some have Jacuzzi tubs and they are always in demand with sledders, which forms a large part of the company’s business.

The business has a full compliment of appropriate walk-in coolers, dispensers, and operating equipment. The owner is an exacting operator/owner and everything is kept in fine operating condition.

Parts of the roof were upgraded to steel as renovations progressed. The owner indicated that some areas remain to be done and he anticipates progressing with as that as the season allows.

Valemount has shown dramatic growth of late and future prospects for the community appear to be especially promising. There is a large skiing gondola lift operation in its infancy and numerous other developments in planning stages that will bring Valemount’s proximity to a “full” Jasper has created business and housing opportunities for whole area. Bus tour business has shown dramatic growth to the area in the past several years. This is expected to grow unabated at least until the Olympics and immediately after.

If you are inclined to this type of business then you will wish to give this opportunity your most serious consideration. A business with consistent growth, with solid management, and in excellent condition is often very hard to find.

There is no vendor financing offered and no assumable type financing is in place.

There is an extended land base offered and included in the purchase price. This land base has a rented cottage on it that could be temporary housing for the buyer may be suitable for staff quarters.

There is also a workshop at the back of the hotel that is often used and appreciated by sledders.

Property information

Living accommodation:

House on property - currently rented

Location:

Valemount BC Near Jasper and Mount Robson

Other information

Expansion potential:

Yes - room for development

Support & training:

Owner will train

Reasons for selling:

Retirement