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Listing ID: 2238853

Tilley Hotel For Sale

Tilley Alberta, Brooks, Alberta, Canada

CA$ 550,000

(Furniture / Fixtures included)
(Real Estate Included)

Revenue: CA$ 250k to 500k

Cash Flow: CA$ 100k to 250k

Business Description

Tilley Hotel for sale.
Hotel, with well stocked liquor store,VLT's, bar, patio, rooms and 2 living quarters, There are 2 suites that are rented yearly, and 7 rooms rented mostly on a monthly basis, good revenue.
This is an excellent business for anyone who does not want a house mortgage and no personal monthly bills, the living quarters are beautifully remodeled and very spacious.
Tilley Hotel is located just off the #1 highway between Medicine Hat and Calgary
Alberta. Nestled in the center of a beautiful little hamlet. The hotel was built over 100 years
Ago, and is a great building with a ton of history. People in the area reminisce about the many memories made here.
The hotel 3rd floor is a complete 3 bedroom apartment over 2500 square feet, with a private patio with a great view. It is a very comfortable and private home.
The second floor has 10 rooms which include 3 suites that are rented monthly, a maids room and a storage room, and a small sitting area.
The bar has a lot of character, including a pool table room, dance room with karaoke machine and stage for bands,Shuffle board, dart area, 3 Vlt’s, Juke box, large patio and smoking area, BBQ area, and large grass fenced in back yard, tool shop and large beer cooler. The pool table and Juke box are rented and bring in a good income. The full basement has shelving and good storage area, work bench and large walk in freezer.
This hotel has had many renovations and is in wonderful condition. We have enjoyed living and working here, many good friends were made, We are looking forward to selling to someone who wants a great business and who will enjoy the business and lifestyle as much as we have.
Taxes: $5870
Monthly utilities: approximate Gas-$300 power-$1000

Contact for more details.

Property Details

Size:

5000 square feet on main floor; 2nd floor - 5000 square feet; 3rd floor - 2500 square feet

Years Established:

100

Property Type:

Real

Real Estate Value:

CA$ 550,000

Other Details

Business Location:

Located on the main Highway going through Tilley. Corner of Center St and 2nd Ave.

Premise Details:

The Tilley Hotel is a large hotel. Originally built in 1910. We have owned it since 1998 and have done many renovations

Competition:

No other hotel accommodations in the area

Living Accommodation?

Yes
The 3rd floor is a 2500 Sq ft.- 3 bedroom suite with full kitchen and bath. Newly renovated and very comfortable.

Operation Details

Employees:

6

Trading Hours:

11:00am to 3:00am

Support & Training:

We can provide all the training needed for a smooth handover. Our manager would stay on if needed for support.

Miscellaneous

Reason For Selling:

Retiring.

Contact this seller

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