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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,300,000
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
This offering presents a rare opportunity to acquire a turn-key motel and RV property in Terrace, B.C. Rainbow Inn Motel & RV Park features 22 renovated guest rooms, 10 fully-serviced RV pads, and a detached manager's residence, all situated on a 1.36-acre site with prominent frontage along Highway 16. It's strategically located along the primary transportation corridor connecting Terrace to Prince Rupert and Kitimat. Extended-stay demand from international tourists, resource workers, medical visitors, and government personnel supports stable year-round occupancy. Over $200,000 in recent capital improvements have been completed, positioning the property in move-in-ready condition with minimal near-term capital requirements. (id:39198)
Location
Province
British Columbia
City
Terrace
Address
16
Postal Code
V8G0C6
Location Highlights
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Listed by
eXp Realty of 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
0
Year Built
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Years Remaining in Current Lease Term
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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.
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
$2,300,000
Asking Price
$2,300,000
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)
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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