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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,290,000
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 Crooked Tree Guest Suites, set on a spectacular 10-acre property just a few minutes from downtown Penticton, offering sweeping views of Lake Okanagan. Currently operating as a licensed vacation rental business since 2009, this peaceful estate comprises a spacious ground-floor primary residence with three permitted loft-style suites above. Stylish & modern, the principal residence is reminiscent of a California rancher. With 4 bedrooms, 2 offices & 2 bathrooms, the home is suitable for all sizes of families and uses. Above the main residence, you will find 3 luxurious suites, each sleeping up to 6 guests. The property has several outbuildings, such as a heated double-car garage (with roughed-in bathroom), a utility shed, and large fenced paddocks for sheep or other livestock. If you are searching for your perfect retreat from the fast-paced life while still reaping the financial rewards of a small business, let 1278 Spiller Road welcome you home. All measurements approx. Duplicate listing MLS#200564. (id:39198)
Location
Province
British Columbia
City
Penticton
Address
1278 Spiller Road
Postal Code
V2A8T3
Location Highlights
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Listed by
Engel & Volkers South Okanagan 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
6,366
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
$2,290,000
Asking Price
$2,290,000
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)
6,366
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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