Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,375,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
This new building (2017) offers 3 rental bays with the opportunity to create your own business in the already existing pool hall. The building is 64x64 on a 75x120 fully paved commercial lot. The 4,096 sq.ft. ground floor has two rental bays, (1,270 sq.ft) and (2,700 sq.ft) both under a 3-year lease agreement. 2nd floor consists of a pool hall with 84-seat capacity establishment; currently operated by the building owner. 2nd story also features an outdoor balcony where customers can sit and enjoy the views of the lake; the back deck has a large commercial BBQ utilized for private functions/ special events. The 3rd story is a one bedroom, 2 bathroom penthouse style apartment with rooftop private deck and gazebo facing Lac La Biche lake. Suitable to use as a managers living quarters or can be rented separately as it has its own private entrance. The pool hall comes partially furnished. The location is central and potential is enormous as Lac La biche is currently lacking in some exciting night life. (id:39198)
Location
Province
Alberta
City
Lac Lae
Address
10117 102 Av
Postal Code
T0A2C0
Location Highlights
N/A
Listed by
NAI Commercial Real Estate Inc Alberta listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
9,000
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
N/A
Financial Information
Yearly Rate
$1,375,000
Asking Price
$1,375,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
Gross Revenue- annual
N/A
Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
9,000
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
