An exceptional opportunity to acquire a diversified hospitality business with multiple income streams and strong upside potentialâwithout the investment typically required for a large hotel operation. Located in Manning, Northern Alberta, this property combines a 25-room motel and a 23-room hotel, along with owner/manager living quarters featuring 2 bedrooms, a kitchen and living room.Multiple revenue sources include monthly room rentals, a liquor store, a licensed bar with 6 VLTs, and seasonal karaoke nights. The karaoke operation generates approximately $50,000 in additional annual revenue during the winter season. Several rooms are also rented monthly, providing stable recurring income, while a vacant restaurant space offers an opportunity to create an additional revenue stream through leasing or reopening the restaurant.An ideal opportunity for an owner-operator or investor seeking multiple sources of income, manageable operating costs, and significant potential to increase revenue through hands-on management and further development of the existing business. (id:32467)
| Building |
Business |
| Rooms |
|
| Bedrooms |
|
| Bathrooms |
0 |
| Square Footage |
57609 ft² |
| Built in |
1947 |
| Parking Type |
|
| Neighbourhood |
Manning |