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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,400,000
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.
N/A
Lot Size
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Building Size
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Premise Summary
Approximately 6100 sqft full service restaurant located on serviced 1.48 acres. 2 paved open parking areas. Northern portion of the lot (approximately 40% of total lot size) is currently undeveloped. C6 Highway Commercial zoning allows for multiple uses. Site regulations: Minimum subdivision requirement is 15m width and 500m2 lot area. Potential for subdivision should be verified with the City of Prince George . Maximum site coverage for this zoning is 50%. Building is in excellent shape and is currently occupied by The Northern Palace Restaurant. Business is listed separately with MLS#C8053698. Building, business and land can be sold together or separately. NDA required. * PREC - Personal Real Estate Corporation (id:39198)
Location
Province
British Columbia
City
Prince George
Address
3788 W Austin Road
Postal Code
V2K2H6
Location Highlights
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Listed by
RE/MAX Core 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
6,040
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
N/A
Financial Information
Yearly Rate
$2,400,000
Asking Price
$2,400,000
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.
N/A
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)
6,040
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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