Description
The Iron Wheel Inn, a landmark business located on Main Street in Entwistle, Alberta, is now available for purchase. This family-run establishment boasts a prime location, a diverse array of revenue streams, and a proven history of success. Whether you are an investor or an entrepreneur seeking a profitable and multifaceted business opportunity, the Iron Wheel Inn offers exceptional value and potential.
Property Highlights
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Versatile Business Operations:
- Commercial Kitchen & Café/Dining Room: A fully equipped kitchen and dining area provide opportunities for restaurant services or catering.
- Pub with 3 VLTs: A cozy pub offering entertainment and a steady source of income from video lottery terminals.
- Liquor Store Outlet: Conveniently located on-site to serve both locals and tourists.
- Hotel Accommodations: Comfortable rooms catering to travelers, workers, and tourists.
- Luxury Apartment: A spacious 1,500 sq. ft. apartment with 2 bedrooms and 2 bathrooms, ideal for owner occupancy or as a high-end rental.
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Historic Building with Modern Upgrades:
- Approximately 9,000 sq. ft. of space situated on 5 lots.
- Over $600,000 invested in renovations, ensuring the property is modernized while preserving its historical charm.
- Recent upgrades include a walk-in cooler, new furnaces, HVAC systems, updated wiring, plumbing, windows, doors. Fully renovated inside and out.
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Turnkey Opportunity: The property is meticulously maintained and ready for immediate operation.
Strategic Location
Entwistle is strategically positioned at the intersection of the Yellowhead Highway and Highway 22, making it a hub for travelers and tourists. Its proximity to Pembina River Provincial Park has made the town a growing hotspot for outdoor enthusiasts, especially during the summer months when thousands of visitors flock to the area for tubing and recreation along the picturesque Pembina River.
Economic Growth and Tourism Potential
Entwistle’s economy is supported by two key sectors:
- Oil and Gas Industry: A reliable base of workers and contractors in need of local accommodations and services.
- Tourism: A booming sector fueled by the town’s natural beauty and recreational opportunities. The influx of summer visitors has significantly boosted local businesses, creating a lucrative opportunity for year-round operations.
Why Invest in the Iron Wheel Inn?
- Diverse Revenue Streams: Multiple business operations under one roof ensure consistent income and growth potential.
- Renovated and Modernized: Extensive upgrades make this a low-maintenance investment for years to come.
- Growing Tourism Market: Capitalize on the increasing popularity of Entwistle as a destination for outdoor recreation.
- Prime Location: Situated in the heart of a bustling community with excellent visibility and accessibility.
Retirement Sale
The current owners are retiring, offering this well-established business to the next visionary owner. With its unique combination of historical charm, modern amenities, and diverse income opportunities, the Iron Wheel Inn is a rare gem ready to deliver exceptional returns.
Don’t miss this opportunity to own a piece of Entwistle’s history and future. Inquire today for more details!