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Hospitality Property For Sale at 303 Laronge AVENUE in La Ronge, Saskatchewan

4 Sale ID #146908
Updated 29 Apr 2024

Asking Price

$1,790,000

Cap Rate help 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

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Building Size

N/A

Premise Summary

Profitable Motel(26 rooms) in the Northern central town of La Ronge, 250km from Prince Albert(PA), Yearly sale is over half Million with over 50% occupancy rate. The present owner operating since 2016 and SINP available and Sharesale preference. See the Website www.waterbaseinn.ca (id:39198)

  • MLS® : #SK941354
  • Date Listed : 14 Aug 2023

Location

Province

Saskatchewan

City

La Ronge

Address

303 Laronge Avenue

Postal Code

S0J1L0

Location Highlights

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Listed by

RE/MAX Bridge City Realty Saskatchewan listing

Category

hospitality-properties

Property Information

Premise Status

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With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

8,984

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,790,000

Asking Price

$1,790,000

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

8,984

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


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