Hotel & Bar In Scenic La Riviere, Manitoba

La Riviere, Canada, Manitoba

Asking Price: Annual Revenue:
$300,000 $380,000

Services: Hotel, Motel, Lodging

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RE: Hotel & Bar In Scenic La Riviere, Manitoba Broker: Rhonda Smith

Quick Facts

Asking Price: $300,000
Annual Revenue: $380,000
Net Profit: $114,000
Cash Flow: $80,000
Total Debt: $110,000
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2008
Employees: 4
BBN Listing #: 22628560
Broker Reference #: Not Disclosed

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Business Overview:

A well-established rural hotel situated in the beautiful Pembina Valley in south central Manitoba next to a ski hill and golf course. Year-around tourism income from snowmobiling, skiing, golfing, hunting, and fishing. Prime destination for nature lovers and those wanting a quiet retreat. Favorite hospitality site for any area construction. Large potential for growth for the hotel and restaurant/bar. Features a very scenic seasonal outdoor patio area between the bar/restaurant and the hotel units. Situated along major Highway #3 in the heart of the valley and surrounded by agricultural and forested land. 1 1/2 hours drive from Winnipeg and 25 minutes from the Morden/Winkler area which services a population of approx. 45,000.

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Property Features and Assets:

Located at 120 Railway Avenue in La Riviere, Manitoba. Frontage is 156 ft on Hwy. #3. Hotel units are in a separate building with 10 rental units and 1 - 2 bdrm apartment for rent or on-site occupancy. Main building contains a 105 capacity bar with beer vendor, pool tables, VLT's and ATM, a 24 seat restaurant with a well-designed kitchen and a 100 capacity outdoor licensed patio area. There is also a small storage building on-site for beer empties. Laundry facility in hotel units. The main building has had 2 major expansions. The hotel has been operating for the last 100 years.

Market Competition and Expansion:

La Riviere is a small retirement community of 200 with many larger sized communities within 1/2 hour drive. The local ski hill and golf course is the main tourist draw for the town. There are approximately 25 rooms for rental at the ski hill and can not accommodate all of the tourist traffic. There is great potential to tap into that market.

Reason for Selling:

Changing Careers

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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