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Anu Khullar - RE/MAX River City
282 Calgary Trail NW, Edmonton, Alberta
P: 780-439-7000
F: 866-293-5424
Email

Thanks for viewing this Preferred Property below. If you have any questions or would like to schedule a viewing, please feel free to call our office at 780-701-2626 and ask for Anu Khullar or John Carter. Toll free is 1-877-417-2626 or email by clicking on the envelope logo on the left of the photos on the listing.

Courtesy of Jongsung Baik of Initia Real Estate.
Data was last updated 2024-04-27 at 17:22:04 GMT
$2,490,000

0 N/A   Whitecourt, AB

MLS®: E4379153
URL:    
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.)
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.)

Listing Information

Prop. Type:
Business with Property
Status:
Active
City:
Whitecourt
MLS® Number:
E4379153
Neighbourhood:
Whitecourt
Area:
Woodlands
Province:
AB
Listing Price:
$2,490,000

General Information

Year Built:
1979
Zoning/Land Use Code:
For Sale
Region:
Woodlands

Additional Information

Plan:
7820322
Legal Block:
3
Legal Lot/Unit:
2-3

Other Information

Land Size Hectares:
0
Major Business Type:
Accommodation/Travel and Tourism
Building Type:
Commercial Mix

VIP-Only Information

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This property is listed by Jongsung Baik of Initia Real Estate and provided here courtesy of Anu Khullar. For more information or to schedule a viewing please contact Anu Khullar.
Anu Khullar
RE/MAX River City
Phone: 780-439-7000
Inquire Via Email
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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Data last Updated: 2024-04-27 at 17:22:04 GMT America/Edmonton
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