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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,995,000
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
The King Edward Hotel features a 132-seat dining lounge, 70-seat café (food primary), 90-seat bar, 37-seat bar patio, and a 58-seat pub. Also included are guest/public laundry services and an ATM. Just five minutes from the Alaskan border, Stewart lies in BC’s Golden Triangle, one of the world’s most mineral-rich regions. Mining growth is accelerating with Ascot Gold nearing full production, the Red Chris expansion underway, and the Eskay Creek restart advancing nearby. The area is forecasted to double in population. A new Indigenous-led partnership is acquiring the Stewart Port Terminal, now Portland Canal Transportation LP. With two deep-sea loading facilities and growing tourism, glacier and bear viewing in summer, heli-skiing and sledding in winter, the hotel is well-positioned to benefit from industrial and visitor activity. Multiple liquor- and food-primary licenses, diversified revenue streams, and legacy local recognition make this a prime strategic investment. (id:39198)
Location
Province
British Columbia
City
Stewart
Address
405 5th Avenue
Postal Code
V0T1W0
Location Highlights
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Listed by
HQ Commercial British Columbia listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
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Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
34,986
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Yearly Rate
$2,995,000
Asking Price
$2,995,000
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.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
34,986
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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