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Motel, Restaurant And RV Park In Northern BC For Sale

Chetwynd, British Columbia, Canada
Asking Price:
Over $5M (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
$500K - $2.5M (CAD)

Pine Inn & Riverhouse Restaurant

Premium revenue generating Motel, Restaurant and RV Park in the busiest region of Northern British Columbia

This turn-key operation has a proven track record of 36 years with the original builder/owner.

Property consists of 54 unit motel, a 105 seat restaurant, a 100 seat banquet/meeting facility, and a 12 unit RV park.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Fully appointed two bedroom manager's suite adjoining the front office.

Location:

Chetwynd British Columbia

Premises Details:

The site includes four legal parcels, each with a frontage to Highway 97 between Prince George and Dawson Creek, and one with additional exposure to the 53rd Street Access Road.

Total site area is 40,000 square feet (0.92-acre), not including the RV Park of approx. 1 acre adjacent to the motel.

The property consists of a motel complex and restaurant building.
The motel is a two-storey, 54-unit complex, with managerʼs suite.
The motel is wood frame and masonry (concrete block) construction on a reinforced
concrete foundation with a partial basement.
Access to the guest rooms is from outside .
Accommodation on the main floor includes a reception and office area, managerʼs suite, laundry, and 23 guest rooms. The upper floor contains 31 guest rooms.
Guest rooms include a combination of twin rooms, kitchenettes, family rooms, suites and single rooms.

RV Park is a separate parcel and consists of 12 serviced gravel pads

Current monthly rate is $800 per pad.

Size in square feet:
0.92 acre

Business Operation

Expansion Potential:

Chetwynd British Columbia is the epicenter of mining, oil and gas and the pipeline economy for Northeastern B.C. and has also become a staging area for the Site-C expansion project of the WAC Bennet dam. located on the tourist route to Alaska, summer traffic means June through August are high-occupancy months for the motel.

We are currently in the first year of what is projected to be a 5 year bull-run in the region. Pipeline, gas, oil and chemical production and railway maintenance and operation are the year-round drivers of the economy.

There is potential for construction of an outdoor patio seating 20, an amenity which would be unique to Chetwynd.

The RV park can be expanded to at least 20 pads.

Competition / Market:

The Pine Inn and Riverhouse restaurant are a unique motel/restaurant combination in Chetwynd.

Offering a full service facility in one location is a significant advantage amongst the competition.

Well appointed and inviting rooms have helped us to establish a loyal clientelle.

The Riverhouse Restaurant is the premier dining establishment in Chetwynd. There are only 3 other competitors in town, but the Riverhouse has proven itself to have the best mix of food quality, service and atmosphere.

As a result of COVID, the other 3 restaurants in town have closed voluntarily, or been forced to close over the course of the pandemic. The Riverhouse has manged to keep closures to a minimum and has reaped the benefit of being the only full service facility in town for much of 2020.

Much of our staff has been with us for five years or more, and they recognize the tremendous earning potential available to them in the Riverhouse, and as a result they are reliable and dedicated to their positions with the majority being excellent employees.

Reasons for selling:

Retirement

Trading hours:

Motel 24/7
Restaurant 7 days per week, 6am - 11pm

Employees:
26
Years established:
36 - Original Owner

Other Information

Support & training:

Management team in place has been operating the facilities for three years and can provide a smooth transition of ownership or may consider staying if requested by purchaser.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable

Furniture / Fixtures value:
$1,000,000 (CAD) - included in the asking price
Inventory / Stock value:
$40,000 (CAD) - included in the asking price
Website:
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