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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
Real Property Included
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.
Corner lot on a main thruway within the downtown area.
2 commercially zoned lots.
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.
One of two licensed establishments in the community. The business holds one of three available liquor outlet license in the community.
The current owner can no longer operate the establishment due to conflicting business obligations outside of the province.
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.
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