My Office Listings

Courtesy of Jongsung Baik of Initia Real Estate

0 N/A
Whitecourt Whitecourt T7S 1N8

$2,490,000
Business with Property

Main Photo: 0 N/A: Whitecourt Business with Property for sale : MLS®# E4379153
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Status:
Active
Prop. Type:
Business with Property
MLS® Num:
E4379153
Bus Major:
Accommodation/Travel and Tourism
Bus Minor:
Hotel/Motel
Build. Type:
Commercial Mix
Located at the entrance of Whitecourt, this franchise hotel boasts both profitability and exceptional investment value. Situated on 2.2 acres of prime land, the property features 62 guest rooms, including 6 suites and 14 kitchenette rooms, a 60-seat lounge with 10 VLTs, a 92-seat restaurant, and a 60-seat banquet room with a party room accommodating 4 pool tables. The guest rooms cater primarily to long-term stays, with a focus on clientele from the oil and gas industry, while the bar and restaurant attract both locals and visitors alike. Since the onset of COVID-19, there has been a steady increase in revenue and income. The current owner has been operating the business for a decade since 2014 and is now looking to retire. With a staff of 18 employees, the business recorded $1.55 million in revenue for the fiscal year ending February 2023. (Given that the fiscal year for this corporation ends at the end of February, the revenue reported in the 2023 financial statements largely represents that of 2022.)
Property Type:
Business with Property
Transaction Type:
For Sale
Lease Oper Costs Per Sq M:
$0
Major Bus Type:
Accommodation/Travel and Tourism
Minor Bus Type:
Hotel/Motel
Price Per SqFt:
$113.18
Lot Area:
2.19 acre(s)
# of Units:
0
Year built:
1979 (Age: 45)
Bathrooms:
- (Full:-/Half:-)
Building Type:
Commercial Mix
Num. of Parcels:
1
Construction:
Brick, Concrete, Stone
Whitecourt
Private
Seller Rights Reserved:
No
Zone:
Zone 70
Zoning:
Zone 70
Title to Land:
Fee Simple
Legal Lot:
2-3
LINC Number:
0013949334
Days On Website:
275 day(s)
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Data was last updated December 27, 2024 at 05:30 AM (UTC)
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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