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Thriving Hotel Business With Multiple Revenue Streams, Russell, Manitoba, For Sale

Russell, Manitoba, Canada
Asking Price:
$925,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$916,516 (CAD)
Cash Flow:
$374,545 (CAD)

**Thriving Hotel Business with Multiple Revenue Streams**

**Overview:**
This well-established hotel presents an exceptional opportunity for aspiring entrepreneurs. With a diverse range of revenue streams and a rich history, it offers both financial stability and community engagement.

1. **Revenue Streams:**
- **Rooms**: The hotel boasts **10 comfortable rooms**, including a spacious owners suite. These accommodations cater to travelers seeking a cozy and convenient stay.
- **Pub**: A **180-seat capacity pub** provides a lively atmosphere for locals and visitors alike. From casual gatherings to special occasions, the pub is a hub of social activity.
- **Dining**: The **50-seat dining room** serves delectable meals, attracting both guests and residents. Locally sourced ingredients and a welcoming ambiance enhance the dining experience.
- **Video Lottery Terminals (VLT's)**: With **9 VLT's**, the hotel taps into the gaming market, offering entertainment and revenue.
- **Vendor Sales**: On-premise vendor sales contribute to the overall profitability.

2. **Prime Location and Unique Positioning:**
- Nestled in the heart of the **Town of Russell**, our hotel enjoys a central location. It lies **1-2.5 hours away** from major cities such as Brandon, Regina, and Yorkton.
- Russell stands out as the **sole beverage room** in the vicinity, making it a go-to destination for locals and travelers seeking quality libations.
- The town strategically avoids direct competition, ensuring a captive audience.

3. **Community and Lifestyle:**
- As the owner/operator since **1981**, you've cultivated a successful business while immersing yourself in the fabric of this vibrant community.
- Russell offers more than just business opportunities. It's a place where families thrive, with excellent **medical facilities**, **educational institutions**, and a rich cultural scene.
- From **art and music** to outdoor pursuits like **hockey, skiing, fishing, and hunting**, Russell caters to diverse interests.
- Families seeking a wholesome environment will find Russell an ideal choice.

4. **Ease of Operation:**
- Potential buyers need not be rocket scientists to run this business. Your decades of experience have streamlined operations, and the hotel's systems are well-established.
- With a supportive community and a solid team, the transition promises to be smooth.

In summary, this hotel represents more than a business—it's a legacy. Seize this opportunity to continue its success and become an integral part of Russell's story.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Owners suite within the main hotel

Location:

Located in Russell, Manitoba. Busy Main Street.

Size in square feet:
10,000 sq ft

Business Operation

Expansion Potential:

Leverage the existing 180-seat pub and 50-seat dining room to host private events, corporate gatherings, and celebrations. Promote the hotel as an ideal venue for weddings, conferences, and parties.
Collaborate with local event planners and businesses to attract bookings. Offer customizable packages that include catering, decor, and entertainment.
Consider themed events, such as wine tastings, live music nights, or seasonal celebrations.

Offer Enhanced Food and Beverage Services.

Guided Tours: Leverage the central location to offer guided tours to nearby attractions. Explore hiking trails, fishing spots, or historical landmarks. Partner with local guides or create self-guided tour packages.
Seasonal Packages: Design seasonal packages that align with outdoor activities. Offer ski packages in winter, fishing excursions in summer, and fall foliage tours during autumn.
Adventure Sports: Explore partnerships for adventure sports like kayaking, snowmobiling, or cross-country skiing. Provide equipment rentals and organize group outings.

Art Exhibitions and Workshops: Utilize the hotel’s space to host art exhibitions, workshops, or craft fairs. Showcase local artists and artisans.
Farm-to-Table Dinners: Partner with nearby farms to create farm-to-table dining experiences. Highlight fresh, locally sourced ingredients.
Live Entertainment: Organize live music nights, comedy shows, or themed evenings. Invite local talent to perform and attract a diverse audience.

Website Enhancement: Optimize your website to showcase the hotel’s offerings, events, and packages. Include an online booking system for rooms and events.
Social Media Campaigns: Engage with the community through social media. Share behind-the-scenes glimpses, customer testimonials, and upcoming events.
Collaborate with Influencers: Partner with local influencers or travel bloggers to promote the hotel. Offer them complimentary stays in exchange for exposure.

Competition / Market:

Limited Competition in the area

Reasons for selling:

Retirement.

Trading hours:

Rooms 24/7
Pub 10-2am
Dining 9-5pm

Employees:
8 (full/part time)
Years established:
Since 1964

Other Information

Support & training:

At least two weeks availability for orientation to book-keeping, building and ongoing systems, etc.

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

Some level of owner financing may be available for qualified buyers, however I'm looking to start my retirement sooner than later.

Furniture / Fixtures value:
$150,000 (CAD) - included in the asking price
Home based:
This business can be run from home.
Relocatable:
This business can be relocated.