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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,399,000
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.
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Lot Size
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Building Size
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Premise Summary
The Nipawin Kingfisher Inn has 48 well-appointed hotel rooms. This charming Inn offers a prime location on the east side of 8th street at the south entrance into town with a wide range of amenities. Fitness room. Full service restaurant and bar with 13 VLT,s. Ample onsite truck and trailer parking. Several upgrades throughout the years that include mostly new carpet in guest rooms, new beds, new window coverings, flat screen T.V.’s, three new POS systems, upgrades to the roof, newer PVC windows, painting and new LED lighting. The building has been very well maintained. Please note, Bar & Kitchen inventory is not included (maintenance, office & housekeeping will remain. The Ricoh C3502 & computer in the office is not included. There is a floor model furnace, 4 rooftop HVAC,s and 49 in-room heating/air wall mounted units. Financial information available with an executed confidentiality agreement. Potential buyers to verify all measurements. (id:39198)
Location
Province
Saskatchewan
City
Nipawin
Address
1203 8th Street W
Postal Code
S0E1E0
Location Highlights
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Listed by
Royal LePage Saskatoon Real Estate Saskatchewan listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
29,585
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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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
$3,399,000
Asking Price
$3,399,000
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.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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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)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
29,585
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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