4924 Plaza Avenue, Swan Hills, AB

Swan Hills Hotel (8 VLT's); Liquor Store; 18 rooms; Restaurant; Lounge plus 3692 sq.ft. area to lease. Seller currently operates the Hotel (Bar area) and liquor Store. The Lounge, Restaurant, and remaining space have been vacant for over 6 years. Renting the 18 rooms stopped 2 years ago. Previous operation of the entire 25,460 sq.ft. had gross income over $1.5 million. Bar and Liquor Store are profitable. Bar seats over 160 people; Pool tables; Dart area; Band area. Food intake is contracted out to another restaurant. The building occupies almost an acre of land (0.95 acres) but will require extensive renovations for a portion of the roof; and interior upgrades. The Seller is will carry 1st mortgage with 30%-35% down payment; 5 year term; 5% interest amortized over 20 years. This will enable a Buyer to pay for the renovations; leasing or operating restaurant and remaining area of the building. Inventory is approximately $200,000 which can be reduced in value if required.