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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,800,000
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
Introducing a prime commercial opportunity that's poised to take your business to new heights! Located in Lake Country, between the larger communities of Kelowna and Vernon and nestled on a strategically located, high-exposure corner lot, this property offers a golden ticket to success. Situated just minutes away from Kelowna International airport, it provides unparalleled convenience for travellers and commuters alike. This bustling intersection is close to UBCO, world-renowned wineries and lakes. With its high traffic count and excellent visibility, this property is a beacon for potential customers and clients. Whether you're seeking to launch a new venture or expand an existing one, the possibilities are endless. Zoned C11, Highway Commerical which allows for a breweries and distilleries, hotel, motel, car wash, automotive sales/rentals/repairs, retail space, restaurants, or any business that thrives on exposure and accessibility that cater to the needs of the travelling public. (id:39198)
Location
Province
British Columbia
City
Lake Country
Address
9558 Glenmore Road
Postal Code
V4V1M5
Location Highlights
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Listed by
Royal LePage Downtown Realty 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
2,148
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
$2,800,000
Asking Price
$2,800,000
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.
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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.
N/A
Premises Size (square feet)
2,148
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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