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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,190,000
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
Discover the inviting Schell Motel Express, ideally located at 3500 32nd Street in Vernon, BC. This charming motel offers 24 well-appointed rooms, including 13 with full kitchen facilities and 11 with essential conveniences like bar fridges and microwaves. Each room is comfortably furnished with queen beds and necessary amenities, ensuring a pleasant stay for guests. Recent upgrades, including a new roof in 2021 and updated fencing, reflect the motel's commitment to quality and guest comfort. Safety is a top priority, with non-smoking rooms equipped with hard-wired smoke detectors and fire extinguishers, all compliant with the Hotels Innkeeper Act. Schell Motel Express stands as a prime investment opportunity, combining convenience, comfort, and safety, making it an ideal choice for potential buyers or visitors to Vernon. (id:39198)
Location
Province
British Columbia
City
Vernon
Address
3500 32 Street
Postal Code
V1T5N3
Location Highlights
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Listed by
Sage Executive Group Real Estate - Letnick Estates British Columbia 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
0
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
$3,190,000
Asking Price
$3,190,000
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)
0
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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