1233 Edmonton Trail, Penhold, Alberta, T0M 1R0

Century 21 Parkland Realty Ltd. Metro Edge Realty Main St, Melville, SK S0A 2P0 345 – 3150 E 54th Ave Phone:(306) 728-4600 Vancouver, BC, V5S 1Z1 Main (778) 888-3888 David Seo John Yun Cell (306)730-9871 Cell (604)500-4339 [email protected] [email protected] www.davidseo.ca www.johnyun.ca

Penhold is a small town located 10 km south of Red Deer and 120 km north of Calgary International Airport. It is considered as a bed town of Red Deer which is consist of very nice residential area with a limited commercial district. Penholder Liquor Store and Tavern Bar is the only tavern and liquor store in town and enjoys very stable business volume throughout the years and needless to mention that it is very profitable. The current owner enjoys running the business very much but because of his family matter, he needs to relocate to Vancouver to look after his parents. The building and the property has been substantially renovated in recent years and maintained with high standard and the business was well managed with very high reputation. If you like the pub/liquor store business, this well priced business opportunity is something you don’t want to miss so please contact the listing agent, John Yun at 604-500-4339 for more information asap before this rarely available opportunity is gone! Absolutely No Direct Contact To Sellers, Employees, Staffs

The enclosed information is intended as a guide only, and for discussion purposes. Financial information is intended to depict a possible operating scenario and may not be applicable to a specific purchaser. Information has been gathered from sources deemed reliable and the Vendor, although deemed correct, is not warranted to be so. John Yun David Seo accept no responsibility as to its accuracy and hereby advise all prospective purchasers to verify all information to their complete satisfaction. The Vendor and Realtors John Yun and David Seo reserve the right to withdraw, amend, replace all or any part of this information at any time and undertake no obligation to provide prospective purchasers with access to any additional information. In all cases prospective purchasers should conduct their own investigations and analysis of the Property. Any sale of the Property will be subject to the terms of an Accepted Purchase and Sale Agreement, which will supersede all prior communications including this information package. Business Name: Penholder Liquor Store & Tavern bar Owner Company: 2048438 ALBERTA LTD. & 2048440 ALBERTA LTD. Property Address: 1233 Edmonton Trail, Penhold, Alberta, T0M 1R0 Legal Description: LOT A, PLAN 1637KS Zoning: C2 – Highway Commercial Land Size: 0.56 Acres or 24,394 Square Feet Building: 7,061 Square Feet (Excluding basement area) Building Renovation: The whole building was substantially renovated in 2013 (The previous and current owners had together spent in the order of $1,000,000 in renovations of which $750,000 was paid to the previous owner from a fire insurance claim.) Building Effective age: 55 Years Old  Remaining Economic Life: 35 years Facilities: 1st Floor: Tavern/Bar: 120 Seating Capacity plus 40 Seat Patio 3,054 SF, Newly Renovated 7 VLTs & ATM, Walk-in Cooler, 2 Billiards Tables (Assignment), Darts Play Area Liquor Store: Separate Entry, 1,200 SF, Large Walk-in Cooler Restaurant: Separate Entry, 780 SF, 25 Seating Capacity Full Commercial Kitchen, Newly Renovated 2nd Floor: Manager’s Suite (3 Bedroom, 2,027 Square Feet) Basement: Utilities/Storage Space, 2,027 Square Feet Parking: All of the parking area has been recently repaved and there are more usable compacted gravel parking area not included in the subject property lot line Open Hours: Tavern/Bar Sun to Thu 11 am to 12 am Fri & Sat 11 am to 2 am Liquor Store Sun to Thu 10 am to 11 pm Fri & Sat 10 am to 12 am Reason for Selling: Relocating to look after parents Sale Price Includes: Land, Building, Equipment and Goodwill Sale Price Excludes: All Inventory (Approx. $250,000, Buyer to pay at Seller’s cost at closing) Transaction Type: Asset Sale https://www.facebook.com/penholdertavernpenhold/ Penhold is a town in Central Alberta, Canada. Penhold is surrounded by the county of Red Deer No. 23, 16 km (9.9 mi) south of Red Deer at the junction of Highway 2A and Highway 42. It is located 128 kilometres (80 mi) north of Calgary, along the Red Deer River making Penhold an attractive bedroom community for Red Deer.

The population of Penhold was 3,277 persons in 2016, which is up by 25% from the population of 2,615 persons reported in 2012, as shown in the chart below. This equates to an average annual population growth of 6.25% during the past four years, or about 160 persons per year. The town’s population was noted to continue to grow strong between 2014 and 2015 despite the lower oil prices that began in January 2015 and continued into 2016 that slowed Alberta’s economy.

Attractions in Penhold include a museum, a recreation centre with an indoor arena, baseball diamonds, library, a splash park, and an outdoor ice rink. New facilities including a campground, skate park, three ball diamonds, a football pitch (soccer field) and other facilities are in construction.

Penhold is home to two elementary schools, and one High-school. Penhold residents have the ability to keep their children in Penhold from K-12.

Note: The other liquor store in town has closed its operation earlier in 2019 and the sales of Penholder Liquor Store has increased by over 50%. It is anticipated that the sales volume of Penholder Liquor Store in the current fiscal year period will easily achieve more than $1.4~1.5 million.

6 km to Red Deer Airport

120 km to Calgary Airport

141 km to Edmonton Airport

37 km to Sylvan Lake

108 km to Crimson Lake Provincial Park

247 km to Banff

Confidentiality Agreement

In connection with the possible purchase (the "Proposed Transaction") by you, Metro Edge Realty will furnish you proprietary information on the following businesses: (This information may include: financial condition, operations and prospects of the company)

PENHOLDER LIQUOR STORE & TAVERN BAR 1233 Edmonton Trail, Penhold, Alberta, T0M 1R0

In consideration of obtaining such information, you hereby agree as follows:

1. All proprietary information furnished by us or Metro Edge Realty to you will be confidential. "Proprietary Information" does not include any information that is, or becomes, readily available to the public or is already in your possession. 2. Unless otherwise agreed in writing, you will not disclose or reveal any proprietary information for five (5) years from this date to anyone other than employees or your representatives actively and directly evaluating the information for any purpose in connection with the Proposed Transaction. 3. If you decide that you do not wish to pursue the Proposed transaction, you must promptly advise us of this fact and deliver to us all the proprietary information furnished to you without keeping copies, summaries, analysis or extracts thereof. 4. Although you understand that we and Metro Edge Realty have included in the proprietary information certain information which we consider to be relevant for the purpose of your investigation of the Proposed Transaction, Metro Edge Realty cannot make any representation or warranty as to its accuracy or completeness. 5. For purposes on this Proposed Transaction, you hereby confirm that JOHN YUN of Metro Edge Realty shall be acting as your realtor.

Accepted:

______Client’s Signature Client’s Signature

______Name (print) Name (print)

______Home Address Home Address

______Phone Number & Email Address Phone Number & Email Address

______Date Date