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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$360,000
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
A well established, family-owned profitable grocery store situated on main street of Redvers, SK. This purpose-built store not only offers a wide range of grocery products and some hardware essentials but also features residential quarters, making it a unique and enticing investment prospect. Conveniently located in Redvers, a charming town in southeast Saskatchewan, this grocery store enjoys a prime position at the junction of highways 13 and 8. The town's strategic location makes it easily accessible, with Moose Mountain Provincial Park just 60km to the northwest, the Manitoba border a short 19km eastward, and the USA border a mere 50km southward. Redvers is renowned for its excellent amenities, including a medical clinic, health center, various medical services, a Pre-K-12 school, childcare center, and an array of family-friendly attractions. The town also boasts a diverse range of businesses, such as clothing stores, autobody shops, electrical and plumbing services, Pharmasave, fitness centers, and more. Over 10,000 sq. ft., building space completes with heated storage, a loading dock, and even a comfortable owner's living quarters occupying a well-finished 1,200 sq. ft. mezzanine. The residential area comprises 3 bedrooms, 1 bath, and an inviting open-concept kitchen and living room, ensuring the utmost convenience for the store owner. With its 4,000 sq. ft. open area and a soaring 17' high ceiling, the store is excellently stocked with essential groceries and a selection of hardware items. Additionally, the presence of a lift system at the loading zone enhances efficiency, making operations seamless and hassle-free. It is an accessible business to operate and has so much potential to expand; you need to walk through the space to understand the scope of this excellent business opportunity. (id:39198)
Location
Province
Saskatchewan
City
Redvers
Address
Broadway
Postal Code
S0C2H0
Location Highlights
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Listed by
Boyes Group Realty Inc. Saskatchewan 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
10,403
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
$360,000
Asking Price
$360,000
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)
10,403
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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