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Details

Location
Alberta

Description
62 Rooms, 110 seat Restaurant, 100 seat Lounge, 9 VLTs and conference room for small groups are the amenities offered at this location.

Years built:
Main section 1979, 1984 and 1987
New section : 1997

A wide variety of forest industry service providers, including contractors for reforestation, harvesting, and hauling services have a strong presence in the area. Over 1000 employees and contractors are employed in the area both full time and seasonally contracted.

This Hotel is located a stone throw away from the regional hub for the oilfield industry.

Financial Information
Revenues 2019 - $1,633,222

$100K+ VLT Revenues

$500K+ Rooms Revenues

$135K+ Liquor Revenues

An experienced Owner should expect $350K+ in Seller Discretionary Earnings (SDE)

SDE - Seller's Discretionary Earnings are the pretax and pre-interest profits before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. In addition, SDE may require that expenses be adjusted if a new owner will necessarily need to take on a new expense.

Minimum Equity Required
$800,000

Real Estate
$800,000

Price
$1,990,000

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.