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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,500
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
A fabulous historical building. Perfectly Located in Downtown Lacombe, with exceptional high exposure at the corner of Highway 12 & 2A. Plenty of public parking & easy access to major highway and city amenities. Approx 4100 SQ.FT. Main floor presently occupied as fully licensed restaurant, with a spacious kitchen easily converted to all types of cooking. Upper floor(Approx 3300 SQ.FT) features separate entrance, living room, 4 bedroom, full bath and a huge open space with high ceilings throughout. Full basement is partially finish for storage, newer metal roof recently. Price includes all restaurant features & equipment. Great opportunity for owner, family occupied or creative mind entrepreneurship. Lacombe is one of the fast growing city in North Central Albert with diversified economy and full city lifestyle, retirement and moving sale. (id:39198)
Location
Province
Alberta
City
Lacombe
Address
4902 50 Av
Postal Code
T4L1Y1
Location Highlights
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Listed by
MaxWell Devonshire Realty Alberta 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
4,100
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
$599,500
Asking Price
$599,500
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)
4,100
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
N/A
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