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Suite of tools & services
Benefits
Asking Price
$829,000
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
Tucked away and hidden down a back alley just off Baker Street in the heart of downtown Nelson. This special quaint gem offers many great business opportunities and is currently being run as a sought after successful restaurant named The Black Cauldron. This modern day fine dining restaurant as been servicing locals and tourists for just 2 years & was previously known as the All Seasons Restaurant. Recent upgrades to this very charming building includes a newly revamped bar, new paint, new furniture mostly velvet, new updated bathrooms w/new vanities & toilets, new alarm system, a post and beam enclosed patio, along with additional open patios, some new kitchen appliances & added built in extra storage. This beautiful spot offers the perfect ambiance with its special lighting, spacious seating, privacy along with a welcoming patio setting at the entrance way. Surrounded by new development & residential but hidden in the downtown core makes this place extra special. Nelson is known to be a destination where you find all seasons of tourism, art walks and aspiring local entrepreneurs. A special hidden sparkling gem! Please see business 2469076 (id:39198)
Location
Province
British Columbia
City
Nelson
Address
620 Herridge Lane
Postal Code
V1L6A7
Location Highlights
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Listed by
RE/MAX Four Seasons (Nelson) 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
$829,000
Asking Price
$829,000
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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