Motel With Good Return In Fort Vermilion, AB
The Sheridan-Lawrence Motor Inn in Fort Vermillion, Alberta is a terrific opportunity. It has 16 rooms (Note: the brochure shows 18 rooms. That is to be corrected).a restaurant and 11 VLT's (video slot machines). Great opportunity for a budding hotelier or an experienced operator who wants to stay operating a comfortable operation with a great income in retirement. Net income has been over $225,000. Vendor will carry a mortgage for qualified purchaser with sufficient down payment. Approximately $200,000 downpayment.
Location
Main Road in Fort Vermillion Alberta
Real Estate
Real Property Included
Owner Financing
Owner financing is available. Please contact the seller for more information.
Premises Details
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Expansion Potential
It's possible
Competition / Market
Only one in Fort Vermillion
Living Accommodation
Former owner used the lower level accommodation for 20 years but it will only need currently required windows. The site could accommodate a manufactured home and connect to all services.
Reason for Selling
Other hotel opportunities for owner
Financials
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