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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,000
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
Fantastic investment opportunity in Merritt, BC! This property includes a 2,400 sq ft convenience store generating profits as well as a separated licensed commercial kitchen that has endless possibilities. The 1,800 sq ft upstairs offers a comfortable two-bedroom, two-bathroom living space that has been recently renovated. With a total lot size of 13,068 sq ft, this property presents various expansion and development possibilities. The business and living area are currently occupied by the owner, and will be vacant for possession; however, the owner will assist the right buyer with transitioning into the business. For years the business, Bob's Mini Mart, has been a staple of the Merritt community and has established a great reputation over time. Contact us today for more information. All measurements are approximate. (id:39198)
Location
Province
British Columbia
City
Merritt
Address
2801 Clapperton Ave
Postal Code
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Location Highlights
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Listed by
Oakwyn Realty Ltd. British Columbia 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
0
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
$899,000
Asking Price
$899,000
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)
0
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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