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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$285,000
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
HERE IS AN AMAZING BUILDING IN THE HEART OF DOWNTOWN ESTEVAN! Coming in at 7320 square feet, this building is currently divided into three different spaces. The west side features an appealing 2335 square ft office arrangement with a number for offices, bathrooms, Kitchenette/breakroom board room and large reception area. The east side has been converted into a 1270 square foot retail setting with an open floor plan. The remaining square footage is an abundance of warehouse space. The warehouse space features overhead doors. Ceiling heights are 12 feet at centre and is completely wheelchair accessible. This is your chance to own one of the biggest buildings in the downtown area. It is the perfect spot for children's activity centre, gaming centre, retail space, office space, bakery, deli, meat shop etc. The options are endless. The City of Estevan offers many incentives for new businesses coming to the area, including storefront facade grants and tax exemption for new or growing businesses. All information can be found at https://estevaneconomicdevelopment.ca/# (id:39198)
Location
Province
Saskatchewan
City
Estevan
Address
1311 4th Street
Postal Code
S4A0X1
Location Highlights
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Listed by
Coldwell Banker Choice Real Estate Saskatchewan 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
7,320
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
$285,000
Asking Price
$285,000
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)
7,320
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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Why this Marketplace was Created
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