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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$548,000
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
Come Buy the Sea! A truly Fantastic opportunity in the heart of Penticton with over 30 years as a successful and flourishing business! An extremely loyal customer base who keeps coming back for the delicious fish and chips and all the fresh Seafood and so much more. The location is unbeatable across from the Cherry Lane Mall, loads of parking and easy access to the store. The lease is affordable and currently in place until 2028 with extension options. This is an absolutely turnkey operation with all the equipment and inventory included. If you are looking for a profitable business with an impeccable reputation, this is it! Contact Listing Agent for info package. Appointments a must. (id:39198)
Location
Province
British Columbia
City
Penticton
Address
2100 Main Street Unit# 106
Postal Code
V2A5H3
Location Highlights
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Listed by
Royal Lepage Locations West 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
$548,000
Asking Price
$548,000
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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