Located in the welcoming hamlet of Hillspring, just a short drive from Waterton Park and surrounded by 4 popular camping destinations, this versatile commercial property offers exceptional opportunity in a community ready for growth.
Currently operating as the Ranch House Restaurant and convenience store, this building has been successfully run year-round for the past 3 years. The Business has a license to serve alcohol. While the business itself is not advertised in the sale, it can be sold with the building at no extra cost. The cost to build this building is more then the asking price, and the property is advertised based on that building value and its potential. The Seller is not putting the value of the business in the asking price. He is trying to sell the building. The property can be purchased fully equipped for continued restaurant use, or the equipment can be removed to suit your vision.
With no existing gas station or competing food services in the area, Hillspring presents a unique gap in the market. The seller is also open to offering the adjacent lot at an attractive price—ideal for a future gas station, with interest already expressed by fuel wholesalers.
Whether you’re looking to establish a restaurant, retail space, or develop residential units or vacation rentals, this property offers flexibility and strong potential. Priced below replacement cost, it’s a rare chance to invest in a growing rural community with untapped demand.
Great opportunities awaits in Hillspring.
Essential information
MLS® number
A2342653
Status
Active
Price
$425,000
Property type
Commercial
Type
Business
Transaction
For Sale
Restrictions
None Known
Building area
4,096 sq ft
Year built
2023
Structure
Retail
Listing brokerage
SUTTON GROUP - LETHBRIDGE
Source
Pillar 9™ MLS® System
Exterior and construction
Roof
Metal
Zoning
Commercial
Community
City
Hill Spring
Province
AB
Postal code
T0K 1E0
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Business valuation calculator
SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
SDE—
EBITDA—
Gross profit
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Pre-tax profit as the books show it
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Value at that multiple SDE × multiple
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Asking price as a multiple of SDE
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Buyer’s earnings after debt SDE less the asking price paid over 5 years at 8%
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Arithmetic on the numbers you enter — not a valuation, not an appraisal and not financial advice. Real multiples vary enormously by industry, lease terms and how much the business depends on its owner. Have an accountant review the actual books before you rely on any of it. Nothing typed here is sent anywhere or saved.
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13 photos$375,0001123 Osler Street, Carstairs
