For Sale $4,500,000 - Hospitality, Service
This well-established motor inn serving the greater Hanna area has been in business for 40 years and boasts 5 revenue streams. Canada Grey Motor Inn includes 81 rooms, a 66-seat restaurant, a 196-seat gaming pub with 8 VLT’s, a 125-seat lounge as well as a liquor store.
This property is situated in Hanna, Alberta, approximately 2 hours drive northeast of Calgary and 4 hours southwest of Saskatoon. The surrounding community is about 8,000 people. Local industries include agriculture, oil production, power generation, tourism, and coal mining. This inn is located at the crossroads of highway 9 and highway 36, the designated heavy load shipping corridor to Fort McMurray.
The inn is solid concrete structure, totalling 44,280 square feet and located on 3.9 acres. There have been major renovations recently completed.
There are currently 35 staff employed. Revenue is approximately $2.2M to $3.3M per year. This is an ideal opportunity for a family run business.
This business is listed below appraisal at $4,500,000 including the business, land and building. There is $165,000 of inventory available.
Potential buyers may contact Ken Wither at (587) 215-2245 for further general details about the opportunity.
After the phone call, inquirers who are still interested will be required to sign a confidentiality agreement and complete a confidential buyer questionnaire to give us a snapshot of who you are. This covers relevant business skills, credit rating, and liquid cash available.
Business owners or staff are not to be approached directly.