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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$890,000
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
Embarking on the quest for a well known, and PROFITABLE business with straightforward and hassle-free operations? Look no further! Welcome to Melsask Motel nestled in Melville, SK, featuring 17 thoughtfully designed rooms, including 9 singles (3 with kitchenettes), 7 doubles (2 with kitchenettes), and 1 triple room with 3 beds and a full-sized kitchen. The meticulously arranged office space and upgraded owner-operator suite add significant value for potential buyers. Noteworthy is the motel's distinguished status, boasting the highest rating on Google and earning the best reviews in the city, a testament to its excellence. The Motel located across from a picturesque park, this Motel in Melville is easily accessible from Regina and Yorkton via Highways 10, 47, and 15. Beyond its immediate charm, the town itself offers an ideal environment for living and raising a family, featuring excellent education facilities, including Pre-K to Grade 12 public and Catholic schools, and diverse post-secondary programs. Melville is a thriving tourist hub, with proximity to Crooked Lake Provincial Park, Melville Beach, York Lake, and other scenic attractions. The town's diversified economy encompasses agriculture, CN Railway, potash mining, and tourism. It proudly hosts full medical facilities, a hospital, and a rich cultural scene, including numerous parks, libraries, and museums. The Motel has undergone recent updates, including the replacement of the hot water boiler in 2021, surveillance device installation in 2022, and comprehensive improvements throughout 2023. These enhancements cover areas such as parking lot repairs, exterior corridor maintenance, and refreshing selected room interiors with wall painting and carpet replacement. Additional highlights include the acquisition of new air conditioning units and a washing machine replacement. All measurements are approximate and can be verified by interested parties. Unlock the possibilities – schedule a viewing today! (id:39198)
Location
Province
Saskatchewan
City
Melville
Address
465 3rd Avenue W
Postal Code
S0A2P0
Location Highlights
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Listed by
eXp Realty 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
5,927
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
$890,000
Asking Price
$890,000
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)
5,927
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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