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Listed by:

QUAD.5555 Inc. / Tim Anderson

Motel With Good Return In Fort Vermilion, AB For Sale

Fort Vermilion, Alberta, Canada
Asking Price:
$798,000 (CAD)
Sales Revenue:
On request
Cash Flow:
On request

The Sheridan-Lawrence Motor Inn in Fort Vermillion, Alberta is a terrific opportunity. It has 16 rooms (Note: the brochure shows 18 rooms. That is to be corrected).a restaurant and 11 VLT's (video slot machines). Great opportunity for a budding hotelier or an experienced operator who wants to stay operating a comfortable operation with a great income in retirement. Net income has been over $225,000.

Vendor will carry a mortgage for qualified purchaser with sufficient down payment. Approximately $200,000 downpayment.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Former owner used the lower level accommodation for 20 years but it will only need currently required windows. The site could accommodate a manufactured home and connect to all services.

Location:

Main Road in Fort Vermillion Alberta

Premises Details:

Contact Listing Agents

Business Operation

Expansion Potential:

It's possible

Competition / Market:

Only one in Fort Vermillion

Reasons for selling:

Other hotel opportunities for owner

Other Information

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

It could be purchased with as little as $200,000 down to a qualified purchaser