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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$9,000,000
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
Presenting the Cassiar Cannery, a 74 acre, oceanfront property with a 5 acre water lot on BC's North Coast, 30 minutes from Prince Rupert. Located on Inverness Passage within the Skeena River Estuary, the site offers 20-30 acres of useable land, 1 km of low-bank waterfront, a 2.53 hectare foreshore lease, and a 4-5 acre wharf. Improvements include 5 former manager homes (four operating as guest rentals), plus a 10,000 sq ft blast freezer with high ceilings and open-span storage, ideal for repurposing. The restored General Store functions as a fully equipped event venue. Accessible by rail (with its' own rail stop), road, and ocean, Cassiar is a proven tourism destination with strong brand presence, awards for unique accommodations, and potential for further development in hospitality, research, or small-scale industry. With rich cultural history and rare scale of waterfront, Cassiar Cannery offers investors a distinctive opportunity in a stunning setting. Also available on residential - see MLS# R3039819 (id:39198)
Location
Province
British Columbia
City
Port Edward
Address
Cassiar
Postal Code
V0V1G0
Location Highlights
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Listed by
Sotheby's International Realty Canada 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
15,000
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
$9,000,000
Asking Price
$9,000,000
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)
15,000
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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