This 81 room Motor Inn with 5 revenue streams is essentially recession proof. It is located in a strong regional center in Alberta with a hospital, provincial government offices, Kindergarten to Grade 12 school, seniors facilities. There are large thriving dealerships such as Chrysler, GMC/Chev, Ram along with farm implements and equipment Cervus for John Deere.
Developments include Two new large Wind Turbine sites are being built by TransAlta and BluEarth which will supplement the Sheerness natural gas fired electricity production plant.
These, in addition to all other activity including a new fertilizer plant and renewed (ie better) oil and gas activity has raised occupancy substantially as well as increased sales in the full service restaurant, VLT (slot machine) lounge, pub and liquor store.
Occupancy is now at 80%+ and solidifying more as the wind farms are constructed over the next two years. The owner is happy to discuss the property directly with serious interested buyers.
- Asking Price:
- $3,675,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $1M - $5M (CAD)
- Cash Flow:
- $500K - $2.5M (CAD)
Property Information
- Real Estate:
-
Real Property Included
- Living Accommodation:
-
The owner has developed two rooms into an attractive suite for himself and his wife.
- Location:
-
The Canada Grey in Hanna is essentially at the intersection of Highway 9, a major route to Saskatoon SK and the heavy equipment highway #36 which services the oil sands at Fort McMurray, Alberta
Business Operation
- Expansion Potential:
-
The site is approximately 3.9 acres in size. Expansion, RV parking or other possibilities exist.
- Competition / Market:
-
There are only two other accommodation properties in Hanna, an older style motel and one Canalta. Neither of those properties have the amenities that the Canada Grey has.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Various between hotel check-in (24 hours) to conventional hours for the restaurant, liquor store, pub and VLT lounge.
- Employees:
- 30-35
- Years established:
- 1977/78
