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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$534,900
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
Eclectic main street downtown brick and concrete building FOR SALE featuring combining a 1950 sqft main floor retail space plus a 1950 sqft 3 bed upper suite thata could easily be converted to be 2 separate suites! (BUILDING SALE ONLY) The owners have been operating the store for 20 years and have done many upgrades and renovations to the structure, store, and apartment. For retail benefits, this property is on one of the busiest streets in the newly upgraded downtown core with gorgeous cobblestone walkways and free parking areas. Excellent visibility and signage options for whatever new store your entrepreneurial imagination is creating. The main floor is 1950 sqft and has front and back entrances. The basement is also fully usable as retail and workshop space and the current owners have used it as such in the past. The basement also has a bathroom and a shower. The upstairs suite has 3 bedrooms and 2.5 bathrooms. It has been completely renovated with slate tile floors, new kitchen cabinets, granite counters, and updated luxury bathrooms. There are 2 spare bedrooms and a large master bedroom with an ensuite. At the north end of the building are the living room, kitchen, and dining room. THE 3D TOUR LINK TAKES YOU TO THE MAIN FLOOR 3D TOUR, THE MULTI MEDIA LINK TAKES YOU TO THE UPPER SUITE (id:39198)
Location
Province
Alberta
City
Grande Prairie
Address
10027a 100 Avenue
Postal Code
T8V0V2
Location Highlights
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Listed by
Sutton Group Grande Prairie Professionals Alberta listing
Category
Property Information
Premise Status
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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
3,900
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
$534,900
Asking Price
$534,900
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)
3,900
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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