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22 Rooms Hotel In British Columbia For Sale

Lillooet, British Columbia
Asking Price:
$2,450,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
$100K - $250K (CAD)

2 Hours from Whistler ,B.C. ..
This opportunity offers a highly stable operation through multiple sources of steady income from the hotel, coffee lounge, and office rental spaces. On the ground floor there are 2 office tenants (government agency offices), as well as a beautiful, rustic coffee lounge that is well loved by the community. The coffee lounge space can be changed to a fully licensed restaurant if desired, to substantially increase income. On the second floor of the hotel there are 22 rooms and a brand new communal kitchen. The building is solidly constructed from concrete and brick; it totals over 13,000 sq ft with a 0.4 acre lot facing Main Street of downtown Lillooet. Its central location also holds great potential for future investment as the town is currently rising in economic growth. The current owner is available to manage the property until the new owner is settled in.

Property information

Real Estate:

Real Property Included

Living Accommodation:

One of the hotel rooms can be used for living accommodation. There is also a private kitchen and office space downstairs for personal use.

Location:

Central location in downtown Lillooet

Premises Details:

22-room hotel, 1400 sq ft coffee lounge, and 2 office spaces that are currently on long-term lease.

Size in square feet:
0.4 acre lot
Planning Consent:

Commercial zoning area

Business Operation

Expansion Potential:

The coffee lounge area can be converted to a fully licensed restaurant to substantially increase income, as the number of restaurants in the town are very limited.

Competition / Market:

A few other hotels in Lillooet, but Hotel is the most newly built.

Reasons for selling:

Retirement

Trading hours:

Hotel: In operation from March to November.
Coffee lounge: In operation from March to October 3, from 8am - 4pm.

Employees:
6
Years established:
15 years

Other Information

Support & training:

Training will be offered by the current manager.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Financing options can be discussed.

Contact Information

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