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Suite of tools & services
Benefits
Asking Price
$400,000
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
Incredible opportunity to own your own restaurant located in Revelstoke's oldest school. This thriving business has been operating since 2018 and has been one of the ""go-to"" places for sophisticated comfort food, creative cocktails and impeccable hospitality. The dining area is set in an old classroom (circa 1914) with high ceilings and large windows facing the Columbia River and majestic peaks of Revelstoke's surrounding mountains. Enjoy serving your customers outdoors with an ample extended patio space outside the front door, where tables can be set up on private property. Additional space for storage, staff area and prep kitchen is in the basement. If you are looking for a way to work and play in Revelstoke and you have a flair for the food and beverage industry, this might be the right fit! (id:39198)
Location
Province
British Columbia
City
Revelstoke
Address
616 Third Street
Postal Code
V0E2S0
Location Highlights
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Listed by
Re/Max Revelstoke Realty 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
2,110
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
$400,000
Asking Price
$400,000
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)
2,110
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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