Listing ID: CH 12272017

Location: Czar, Alberta

Business Advisor: Neil Gerritsen
(Contact Mr. Gerritsen)

Direct: 780-919-1107

Business Type

Hotel, Restaurant and Bar

 

Business Overview

This landmark business opportunity, located just 2 1⁄2 hours east of Edmonton is a popular destination for the local citizens of this small Alberta village and surrounding areas. The business consists of a bar, restaurant, and guest rooms, as well as a full apartment for the owner on the second floor. This venue offers its patrons a pool table, shuffle board, and T.V.’s for sports entertainment, 3 VLT’s, as well as dining facilities. The menu consists mainly of pub style food, prepared in an updated and efficient kitchen.

 

Why This Business

  • Profitable, well established, turnkey operation
  • All equipment, furniture & fixtures, pool table and shuffle board included in asking price
  • Premises includes owner’s suite
  • Limited Competition
  • Parking availability
  • Great opportunity for those who love the small town lifestyle!

Are the current owners the founders? No, this business has operated at this location for 100+ years      How Long? 2008
Is this a Franchise Business? No
Owner Support/Training: Owner will provide a mutually agreed upon training program
Reason for Sale: Owner would like to pursue other opportunities

Business Premises and Location

Does the Vendor own the premises? Yes
Is the premises part of this sale? Yes – the building is For Sale by Owner. Bar is 5,866 sq. ft. on .26 of an acre. 2 Storey building with owner apartment.
What is the cost of the lease? N/A

Documents Available For Review (Subject to Offer)

Business Sales Memorandum, Financial Statements, Lease Agreement.

Operational Summary

Snapshot

Annual Revenue: $ 451,693 (2016)

Discretionary Earnings: $ 60,998 (2016)

Assets & Equipment: $ 147,150.00 (2016)

Information

  • Year Established – 2008

  • # of Employees – 4 Part Time, 1 Owner

  • Asking Price – $ 250,000.00

  • Seller Financing – Not Available

  • Inventory -$5,000.00

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