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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,875,000
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
Welcome to the Goldpanner in Cherryville, BC! Nestled on 186 naturally treed acres along Heckman and Monashee Creeks, this property is a haven for those seeking adventure and history. Relive the gold rush era with 2 registered gold claims & water rights adding a touch of nostalgia to this remarkable landscape. The main home is a 1 1/2 story, 3-bedroom haven. With an upper level overlooking the open main floor, new kitchen, flooring, and appliances. Hearthstone fireplace and unwind in the hot tub after a day of exploration. Adjacent is a second 1900 sq.ft. home, fully furnished, echoing the same rustic style. Additionally, two new modern 1400 sq ft guest houses by Richbuilt Homes complement the property. For those yearning for the great outdoors, explore the 4 fully furnished/equipped cabins, 50 RV sites (20 with full 30 amp service, water, and sani dump), endless walking trails. A summer kitchen/patio, shower rooms, and laundry facilities enhance the camping experience. On-site amenities, including an office, heated shop, equipment storage, and a fully equipped restaurant. Would make an excellent spot for a Hot Springs Resort, Mountain Bike Park, Snowmobile lodge etc. Discover historical gold panning sites along the creek, test your skills, or grab a fishing rod and enjoy a leisurely afternoon by the water. This turn-key operation is perfect for a family seeking a thriving venture in the heart of nature's beauty. Embrace the spirit of adventure at the Goldpanner! (id:39198)
Location
Province
British Columbia
City
Cherryville
Address
423 Highway 6 Highway
Postal Code
V0E2G3
Location Highlights
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Listed by
RE/MAX Vernon 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
1,619
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
$2,875,000
Asking Price
$2,875,000
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)
1,619
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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