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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$329,900
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
Exceptional opportunity to own a historic brick and stone building with an established business in the thriving and friendly town of Arcola, Saskatchewan. Known as the 'Opera House" and "High House" this solid brick building was constructed in 1905 of local brick in an unadorned version of the Queen Anne style. It served as first consolidated location for many municipal services, including the fire hall, jail, and town offices, as well as an opera hall located under a 2-storey high vaulted ceiling on the second floor. One of the original jail cells is still in the basement. The building was renovated in 1991 as a restaurant and saloon with one of the longest bars in Western Canada and is now home to Buddy's Pub. Income is generated through Buddy's Pub and 3 VLTs but there is also potential income from the vacant main floor space that has commercial kitchen and dining space. Included with the sale on the same lot is a 40'x40' insulated and heated shop that could also be leased out for additional income. This place is a must see. (id:39198)
Location
Province
Saskatchewan
City
Arcola
Address
201 Main Street
Postal Code
S0C0G0
Location Highlights
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Listed by
Century 21 Dome Realty Inc. Saskatchewan listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
4,169
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
N/A
Financial Information
Yearly Rate
$329,900
Asking Price
$329,900
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)
4,169
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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