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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,900
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
Excellent opportunity for someone who wants to live in a small town and own their own business. The Montmartre Hotel Bar and Grill is located 1 hour East of Regina on Highway 48. The proximity of the Village to Regina allows residents the coziness of a small town yet easy access to the larger service center of Regina. Montmartre meets all your immediate needs and more with health services, accommodations, recreation, K·12 school, professional and personal service Built in 1993, there are 6 updated double hotel rooms with A/C, fridge, microwave and cable TV. The bar/restaurant area seats 132, has newly renovated bathrooms, a 144" big screen with surround sound, large walk•in cooler, 2 fridges and 6 freezers. The kitchen has a char broiler (steak pit) a grill, 2 large deep fryers and 2 stoves. All cooking equipment is gas. There is also a 450sq living quarters that is currently used for storage. The entire building has in floor heating run by a gas boiler. The bar area has a rooftop NC and heat unit that was replaced in 2008. There is also a water softener and laundry on site. The current owners have spent over $90,000 in updates since purchasing it in 2019. The flooring in the building, with all new mattress and beds and TV etc. The exterior is steel siding and roof for no maintenance. Call sellers agent for more details and showings. (id:39198)
Location
Province
Saskatchewan
City
Montmartre
Address
401 1st Street
Postal Code
S0G3M0
Location Highlights
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Listed by
RE/MAX Crown Real Estate 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
5,511
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
$599,900
Asking Price
$599,900
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)
5,511
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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