MLS: C 1027176
Address: 102-1 Street, Torrington, AB
Building Size: 9000 sq.ft
Lot Size: 120 ft. x 110 ft.
Price: $675,000.00 (Off the Market)
Comments :
With over 9000 sq ft, this property is packed with revenue potential for the shrewd investor willing to work to meet the needs of the community. Competition of similar businesses in neighbouring towns only serve to make the access appreciated by the regular visitors and travellers surprised by the service, comfortable pace, quieter atmosphere and accommodating menu and liquor inventory for a variety of tastes.
With ten rooms upstairs, seating capacity of 178 in the tavern and 15 on the patio, a performance stage and dance floor, games areas, 4 VLTs, and the traditional off sales, as well as the only ATM operating in the community, the regular customer base has come to rely on the business for extra service and each service is a profit centre for operations.
The compact commercial kitchen with restaurant area is is available to be operated with exterior access to main street as a restaurant, liquor outlet or convenience store should an investor desire.
The manager’s suite with two bedrooms has ample living space for a small family or couple.
Upgrades to flat roof – tar and gravel replaced with single membrane metal roofing in 2015. New compressor 2013. New boiler for hot water heat and sump pump added in 2011.
The inventive entrepreneur has the opportunity to capitalize on the lack of competition in the market during local events, for the travelling public on busy Highway #27, and visitors to the hamlet.
With a long history of hospitality, the Torrington Hotel is a favourite institution at the end of a work day, attending bonspiels or arena events, visiting friends or just passing through.
The owner may consider financing a portion of cost price for the right investor.
Showings only Monday through Saturday from 8:30 am to 10:30 am.
The seller and the listing realtor will be present for all showings and will questions on financial history.
PLEASE RESPECT THE SELLER’S CONFIDENTIALITY AND DO NOT SPEAK TO EMPLOYEES
Please call or email Hugh for further details or to view. (1 403-556-0262)
