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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,200,000
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
Location, Location , Location!! This beautiful motel is located in the heart of busy City of Weyburn which is an hour and fifteen minutes drive from Regina. The motel is located in the very center of the business sectors and has an excellent highway exposure. The city of Weyburn is well known for busy town for tourists, locals and workers whom are working for newer projects within the city and nearby the city. This motel consists of four (4) different complexes and each one of them has a variety of room types (Single, double and kitchenets guest rooms). Complex " A" presents with 23 rooms, complex "B" with 12 motels rooms, complex "C" with 24 rooms and complex "D" with 22 guest rooms, which was built to suit in 2010. This motel presents with total of 81 guest rooms and 2 bedroom manager suite. The rooms are all renovated and the newest addition, complex "D" is in immaculate condition. All the rooms have been modernized with newer carpet, newer beds and furnishings. Also, the complimentary continental breakfast is another accent to this already well reputable motel. The cleanness and mint condition breakfast area is loved by the patrons. The motel also has a owner's place or manager's suite which is so convenient and easy to mange the property. It is a truly one of a kind business and property which you can not miss it. Please do not disturb the business and respect the seller's staff. Please do not approach to the property, seller and his staff without prior arrangement. The appointment MUST be confirmed for all showings. (id:39198)
Location
Province
Saskatchewan
City
Weyburn
Address
238 Sims Avenue
Postal Code
S4H2J8
Location Highlights
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Listed by
RE/MAX Bridge City Realty 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
36,889
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
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Financial Information
Yearly Rate
$3,200,000
Asking Price
$3,200,000
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)
36,889
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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