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Retail Property For Sale at 114 Centre Street in Mclennan, Alberta

4 Sale ID #36550
Updated 27 Apr 2024

Asking Price

$224,999

Cap Rate help 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

Take advantage of the hard work the current owners have done with running this business and buy it knowing that it is well established and sales have grown over the past years. As the only liquor store in the Town of McLennan, you have a captive market with broad reach to the local surrounding area. The building itself is neat and tidy and has been very well maintained. Located on a corner lot on the main street, you have good visibility of the store from the main highway through town. Here is an unique opportunity to own your own business and reap the rewards of your hard work. Take the time to take a closer look and make the call today! (id:39198)

  • MLS® : #A1124733
  • Date Listed : 28 Jun 2021

Location

Province

Alberta

City

Mclennan

Address

114 Centre Street

Postal Code

T0H2L0

Location Highlights

N/A

Listed by

Re/max Northern Realty Alberta listing

Category

retail-properties

Property Information

Premise Status

LEASED Premises

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

2,050

Year Built

N/A

Years Remaining in Current Lease Term

N/A

Renewal Options

N/A

Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$224,999

Asking Price

$224,999

Cap Rate help 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 help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

2,050

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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