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Hotel 12 Vlt's, Liquor Outlet & 14 Room Potential For Sale

Saskatoon, Saskatchewan
Asking Price:
$329,900 (CAD) Furniture / Fixtures included
Sales Revenue:
$250K - $500K (CAD)
Cash Flow:
$50K - $100K (CAD)

This is a great business opportunity in a stable community! Located in Canora Saskatchewan, this hotel has a proven revenue track record, excellent potential for additional revenue streams, and is priced for a quick sale.

Highlights of this business include:
-12 VLT's earning 100k in commission annually
-An RSP liquor outlet license
-150 seat tavern
-Potential for 14 rooms + 2 suites

Property information

Real Estate:

Real Property Included

Living Accommodation:

Managers suite located on the second floor. The suite has a master bedroom with private half bath and walk-in closet, two guest rooms, office, full bath, full kitchen.

Location:

Corner lot on a main thruway within the downtown area.

Premises Details:

2 commercially zoned lots.

Business Operation

Expansion Potential:

Excellent potential to expand into new revenue streams including, creating a fully stock liquor store in the existing structure, increasing the number of VLT's on site, renovating and reopening the existing hotel rooms, adding a cafe/restaurant to the main level.

Competition / Market:

One of two licensed establishments in the community. The business holds one of three available liquor outlet license in the community.

Reasons for selling:

The current owner can no longer operate the establishment due to conflicting business obligations outside of the province.

Years established:
Current ownership for 6 years

Other Information

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

In-house financing can be made available for select buyers, requirements for financing will include, but are not limited to the following:
- A purchase at the full asking value with a minimum of 50% down.
- A term no longer than 3 years on the remaining balance at prime plus 2% annually.
- The purchasing of remaining inventory at the time of transfer.

Furniture / Fixtures value:
$85,000 (CAD) - included in the asking price
Inventory / Stock value:
$5,000 (CAD)
Relocatable:
This business can be relocated.

Contact Seller

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