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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$494,000
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 delightful and lively resort community of Elbow, SK, nestled on the shores of Lake Diefenbaker. With convenient access to nearby Mistusinne and Douglas Provincial Park, this resort offers a variety of activities including swimming, boating, fishing, and golfing at the exquisite Harbour Golf Club & Resort. It's just an hour and 15 minutes from Saskatoon and Moose Jaw, and two hours from Regina. This family-run business has thrived for over 30 years and is remarkably simple to manage. The property features coded doors for secure, hassle-free entry and allows for telephone payments. Recent upgrades include a new boiler in 2023, fresh exterior paint from 2021-22, a water heater in 2014, shingles replaced about 8 years ago, new vinyl flooring from 2021-22, and a washer/dryer in 2021. New front concrete parking. t offers 9 rooms, with double rooms at $110 and single rooms at $75. An onsite small office contains the laundry and administrative area. Guests can enjoy a patio on the east side and a communal concrete deck adjacent to the restaurant and motel on the west. Delicious breakfast is conveniently available just steps away. The owner has the flexibility to manage this gem of a business on-site or remotely via phone while traveling. Don't miss out on this exceptional opportunity. (id:39198)
Location
Province
Saskatchewan
City
Elbow
Address
447 Saskatchewan Street
Postal Code
S0H1J0
Location Highlights
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Listed by
Century 21 Fusion 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
2,600
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
$494,000
Asking Price
$494,000
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)
2,600
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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