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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$159,900
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
Exciting investment opportunity awaits in the vibrant town of Radisson, conveniently situated just off the Yellowhead highway and a mere 50 minutes from Saskatoon. This 4800 sq ft multi-level hotel building features three floors above ground and a basement for storage. The ground floor is fully equipped with a bar, restaurant, and spacious living quarters. The bar offers seating for approximately 54 guests, complemented by 3 VLTs, a pool table, jukebox, and ATM machine, alongside a generously sized walk-in cooler (recently replaced around $8000). The business has an off sale liquor permit; the 890 sqft living quarters boast a full kitchen, bathroom, and two additional bedrooms, ensuring comfort and convenience. Upstairs, seven well-appointed rooms are available for rent, catering to guests seeking accommodation. The building benefits from recent upgrades, including the newer walk-in cooler compressor and water heater. Outside, a private fenced outdoor patio with a rubber floor provides a welcoming space for patrons to enjoy. The sale encompasses the business, land, and building, presenting a comprehensive investment opportunity. Eligible for SINP. (id:39198)
Location
Province
Saskatchewan
City
Radisson
Address
300 Albert Street
Postal Code
S0K3L0
Location Highlights
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Listed by
Royal LePage Hallmark 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
4,800
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
$159,900
Asking Price
$159,900
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)
4,800
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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