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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,699,000
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
Be your own boss of this well known and established Pub/Restaurant and RV Park, or bring your own vision and create the business you have been dreaming of! There are endless possibilities for this 6.24 acre property located in the heart of Crawford Bay. Multiple move in ready living accommodations including a meticulous kept 60 x 16 manufactured home are ready for you and your family or friends to call home. Newkeys RV Park currently offers 18 fully serviced RV sites (30amp electrical) and additional seasonal spots, onsite washrooms, two guest cottages or long term rentals & a well kept caretaker/owner home. Tastefully treed, private and backing Crawford Creek! Listen to the birds chirp and creek run while drinking your morning coffee... the setting truly is stunning. Newkeys Pub and Restaurant is a icon in Crawford Bay with an atmosphere and vibrant details that are immediately notable upon arrival. Turnkey & Profitable offering a full menu with some local favorites; famous wing Wednesdays and karaoke nights, plus a recently updated patio where everyone will be this summer! With incredible exposure (highway frontage), large paved parking lot, commercial kitchen, liquor license and additional dining room space that currently is not being utilized, you have so many opportunities to grow (retail, breakfast dining, office space... you decide). There is a guest house steps away from the restaurant; perfect for staff accommodations. Enjoy all that Crawford Bay has to offer! (id:39198)
Location
Province
British Columbia
City
Crawford Bay / Riondel
Address
16070 Highway 3a
Postal Code
V0B1E0
Location Highlights
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Listed by
CENTURY 21 Veitch Realty British Columbia 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
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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
$1,699,000
Asking Price
$1,699,000
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)
0
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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