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Jun 2, 2020Business at a glance.
Gross Sales: 2017 (196,000) 2018 (220,000) 2019 (283,000)
Normalized Net Income as owner operator: (2017) 75,000 2018 (61,000) 2019 (146,000)
Money invested in Renos: Owners took over in 2016 and spent over 200,000 in reno’s in getting the motel up and running. Plus an additional 2017 ( 45,000) 2018 ( 77,000) 2019 ( 83,000)

Our clients purchased the motel in 2015 and over the next few years have invested hundreds of thousands of dollars into upgrading infrastructure and tastefully updating rooms which attracted new repeating clientele which has resulted in year after year increased sales.

Recently the management that was in place have moved in another direction and the owners who operate other businesses now realize that with their other businesses growing in size, that they can no longer invest the time required to continue the positives that they have built.

Possibilities. There currently is much anticipation and discussion among the local government, the Alberta provincial government and a major resource corporation that may result in the investment of 2 major projects within the towns area over the next two years.

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