The business has been an integral part of the food, beverage, and accommodation industry in this community since it opened for business in 1941. The business has been in the same family since 1971 and the second-generation owners who have owned the business since 1995 now wish to move on to other opportunities.
The business currently offers 10 boutique rooms to clients. The rooms are all different, are very comfortable and are decorated with period furniture and local antiques. The rooms are exceptionally well cared for with cleanliness being their hall mark. A new owner could potentially add a few more rooms inside the hotel.
There is an efficient very profitable retail liquor store which is located just off the lobby. The owners have incorporated a basic convenience store which creates additional cash flow and is profitable.
The on–site restaurant is currently leased and has been for 25 plus years. The current tenant has been operating for about 2 years. The restaurant operator serves food to the pub.
Reynolds has a great pub that is popular and respected. They operate 12 PM to 10 PM, there certainly is an opportunity to expand hours especially on weekends. In 2021 the owners added a great new patio that was spurred by Covid but has proven to be an excellent addition and is popular with the patrons!
The hotel building is very solid and is well maintained. The building is ideally located on Main Street at the entrance to town. Access to the business is excellent.
The business has a long history of profitability. The current owners are active in the business on a part time basis and have very experienced, well-trained staff for all positions. Owners who are active in the business could possibly reduce labour costs.
If you are considering a profitable hotel purchase with several income streams, please add the Reynolds to your list!