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Recession Proof Canada Grey Motor Inn For Sale, Hanna, Alberta

Hanna, Alberta, Canada
Asking Price:
$3,995,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$250K - $500K (CAD)

This fully renovated motor inn is a fully concrete building with:
1. 81 rooms
2. Full Service Restaurant
3. Lounge with 8 VLT slot machines
4. Pub/Tavern
5. Liquor Store
Comment: No matter what the economy is doing, this property works very well because of its diversified income streams and great highway connected roads.
The property has done very well over many years but the owner wishes to retire.
It is well priced at $3,995,000

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Room are set up for manager.

Location:

Hanna is a bustling regional centre with full services new development. Recently expanded car and truck dealerships. Regional Government offices. K-12 School. World Class Dental Clinic.

Premises Details:

The property was brought back out of bankruptcy by very experienced hoteliers. 81 rooms completely renovated with 5 income streams including maintenance free, 8 VLT's a tavern AND a nicely stocked quality liquor store. Full Concrete structure with abundant parking with special semi truck and trailer parking.

Size in square feet:
44,283 sq ft

Business Operation

Expansion Potential:

With close to 4 acres (3.8) there is room for future expansion or development.

Competition / Market:

Only two other motels in town. This has the most amenities.

Reasons for selling:

Owner is of retirement age, has health issues and wishes to retire.

Trading hours:

24/7 for rooms. Conventional hours for the restaurant, lounge, tavern and liquor store.

Employees:
35
Years established:
42

Other Information

Support & training:

The owner will provide support and training

Furniture / Fixtures value:
$200,000 (CAD) - included in the asking price
Related Documents:

Contact Information

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