Restaurant Bar in Oilfield Town Excellent Opportunity For Sale

Business description

Now's the time to BUY! Alter NRG has just released information on it's intent to build a $4.5 billion coal gasification project here in Fox Creek, the initial construction would consist of 1200+ men in the imediate vacinity, and 400 full time jobs once opperational. This would be a huge boost to our local economy, as the company is projecting 40,000 bbls/d for 50 years. Market values should double here in the upcoming future.
This large restaurant/bar was established in 1994 in the heart of Alberta's Oil and Gas Industry. Over the last 14 years it has seen extensive financial growth. Well known for having the best food in town it is also located across the street from a hotel opperating at 97% capacity. Right now the potential for further growth is huge with a 96 room Days Inn Hotel being built just 400m away.

Property information

Real Estate:

Real Property Included

Location:

Located just off Highway 43 (one of the busiest highways in Alberta)this restaurant/bar is within 500m of 5 Hotels, none of which having a restaurant and only one having a bar.

Other information

Expansion potential:

The building offers a 230 seat capacity lounge/restaurant with a 100 seat banquet room under the same roof. Expanding the lounge into the banquet room would be a quick and inexpensive way to generate even more revenue. Also included in the sale is a office building, with renters presently in place. This building can be left as is or renovated into rooms for rent, as finding a room in Fox Creek is often difficult.

Competition / Market:

The largest of only 4 bars in town.

Support & training:

One to two weeks training should be sufficient, but am willing to train longer if needed.

Reasons for selling:

Single father of 2 children looking to spend more time with my kids.

Trading hours:

11am-3am, 7 days a week

Financing available:

Will personally finance one third of total cost $288,750.00 purchaser must come up with $586,250.00

Furniture / Fixtures value:

$24,000 (included in the asking price)

Inventory / Stock value:

$11,000 (included in the asking price)

Related documents:

• 
• 2007 Restaurant Revenue

• 
• 2006 Restaurant Revenue

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• Alter NRG Fox Creek Project