Historic Hotel Business Opportunity
Location British Columbia,Canada
Asking Price Range $1.0M - $2.5M
Gross Revenues $3300000
Net Profit / Cash Flow $3300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1908
Number of Employees 35 - 49
Relocatable No
Number of Employees 35 - 49
Real Estate Owned
Description Coldwater Hotel is for sale.
Purchase Price : $ 2,500,000 USD.
Appraisal: $ 3,400,000 CDN.
Built: 1908.
Description:
Best real estate in the city.
Awesome revenue in a Landmark Hotel.
Gross annual sales: $ 3,300,000 CDN, can easily support a mortgage.
Monthly tenants, pub, restaurant, banquet facilities, cold beer & wine store.
Financial statements to qualified buyers.
Features:
3 Levels with balconies and 50 rooms of which 33 rooms are all equipped with kitchen facilities (many booked year round).
Pub: (185 seat class A License).
Banquet Room: (139 seats services over 50 organizations regularly).
Restaurant: (165 seats, Class B License).
Major recent renovations done:
New Plumbing,
2 furnaces, natural gas hot water,
1/4 basement,
New electrical service, rewired, and
New Cold Beer & Wine Store - 4500 sq.ft.
Massive tourism developments underway including Canada's Country Music Capital, an International Nascar Raceway and a Destination Casino adjacent to a B.C. main highway from Vancouver.
Contact Bo McIntyre if you are interested.
Click Here To Contact Seller
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