Ladysmith Cafe & Motel, Commercial Property & Business Auction
COMMERCIAL PROPERTY & BUSINESS AUCTION
Ladysmith Café & Motel - Trochu, AB
TIMED ONLINE BIDDING
Bidding will open on Tuesday May 10th 9AM
Starts to close on Thursday May 12th at 12PM(noon)
Location: 110 First Ave North, Trochu, AB
There will be NO buyers premium.
MONDAY APRIL 18TH 1:00PM TO 4:00PM
All contents of business will sell WITH the business and real estate.
Wonderful staff would love to stay with the new owners as well !!!
Plan 7610040 Block 18 Lot 1
Consisting of a profitable business with real estate in the Town of Trochu, AB. Located on first avenue and just off of Highway 21 in Central Alberta, The Ladysmith is situated on a 1 acre town lot and offers a busy restaurant as well as a 10 room motel and partially finished 2600sq ft basement with great potential for more rooms or income. This business offers many recent upgrades to the building such as air conditioning, furnace upgrades, new roof, independent room temperatures, full and complete kitchen, owner’s residence and much more. This viable business will be sold “lock, stock, and barrel”, everything will go with it to continue to operate as it is today. The Petursson’s are wanting to slow down and retire. The Ladysmith has a reputation for great food and offers such amenities as an outdoor patio and drive through lane. The Petursson’s have owned this business for almost 20 years and have taken great pride in running this business and have always kept it well maintained and clean. This is a great opportunity to own a profitable business with a very sound building in a great community. The current owner will offer to help train the new owners for the first month or two if desired, long term staff willing to stay, as well as discuss past financials with only interested buyers. Revenue over $550K in 2021 (during Covid). Viewing by appointment only. Contact Tyler Rosehill at 403-507-1782.
2020 Taxes: $6,080.05
TERMS & CONDITIONS:
A deposit of 10% of the final bid payable to Rosehill Auction Service Ltd. will be required at the time of the auction. The balance is due 30 days from the date of the auction. If the offer is not accepted by the owner the deposit will be returned to the purchaser. If the purchaser fails to meet the terms of the contract the deposit will be forfeited as liquidated damages. The final bid will be subject to the approval of the vendor.