Iconic Timber-Frame Hospitality Landmark And Retail Asset In Jaffray For Sale

Description

Business type: hospitality, liquor retail and residential income property

Location: Jaffray, British Columbia

Region: East Kootenay

Current status: established operating business

Trading history: more than 32 years

Ownership structure: family-owned

Sale type: turnkey freehold business and real estate sale

Property: included in the sale

Business and property: sold together

Transaction structure: single acquisition

Revenue channels

• Pub and restaurant sales
• Cold beer and wine retail sales
• Residential apartment income

Hospitality operations

Pub operation: active

Restaurant operation: active

Service model: full-service dining

Customer markets: local residents and visitors

Retail liquor operation

Cold beer and wine store: active

Liquor retail licence: in place

Customer markets: local residents and passing highway traffic

Residential units

Residential apartments: 3

Apartments: fully furnished

Potential use: staff housing

Alternative use: short-term rental

Property

Land area: 1.6 acres

Building size: 10,000 sq. ft.

Building type: custom timber-frame commercial building

Building style: lodge-style

Highway frontage: direct

Freehold ownership: included

Assets included

• Commercial kitchen infrastructure
• Refrigeration systems
• Commercial equipment
• Furniture and furnishings
• Operational business assets

Staff and operations

Employees: approximately 15

Staff experience: established

Operating businesses: fully staffed

Geothermal heating and cooling system: installed

Utility efficiency: supported by geothermal system

Location and market

Local golf course: nearby

Fernie Alpine Resort: regional tourism destination

Kimberley Alpine Resort: regional tourism destination

Nearby recreational demand: golf, lakes and skiing

Tourist traffic: year-round

Local patronage: established

Expansion options

• Expand operating hours
• Add breakfast service
• Add brunch service
• Increase digital marketing
• Increase residential rental utilization
• Develop outdoor events
• Add seasonal programming
• Expand hospitality use of the site

Training and transition

Seller training: included

On-site training period: 2 months

Ongoing advisory support: available

Reason for sale

Reason for sale: retirement