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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$399,900
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
Historic charm meets modern convenience in this timeless hotel gem, established in 1928 and expanded in 1996. Nestled in a prime location just a leisurely 2-minute stroll away from the pristine Jackfish Lake beaches, a captivating golf course, and vibrant oil activity, this property offers a remarkable investment prospect. With a proven track record of steady business growth, this venture is poised for even greater success. The main floor boasts a captivating array of offerings, including a welcoming hotel entrance, an inviting bar, a cozy VLT room, a sizzling steak pit, well-appointed bathrooms, and a delightful restaurant space. Upstairs, a splendid transformation awaits with a beautifully renovated 2-bedroom suite, alongside 5 thoughtfully designed hotel rooms that cater to comfort and relaxation. Accompanying these are a convenient laundry room and two tastefully designed common bathrooms, ensuring the utmost convenience for guests. The lower level serves as a foundation of functionality, housing essential utilities and providing ample storage space. As a testament to its commitment to excellence, this property has witnessed a series of thoughtful upgrades over the past few years. This is an exceptional opportunity that beckons your attention. Contact us today to explore the possibilities and unveil the captivating details that await your discovery. (id:39198)
Location
Province
Saskatchewan
City
Meota
Address
305 Main Street
Postal Code
S0M1X0
Location Highlights
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Listed by
Dream Realty SK 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
7,168
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
$399,900
Asking Price
$399,900
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)
7,168
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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