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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$980,000
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
COMMERCIAL OPPORTUNITY! This large retail building is perfectly situated in Air Ronge in between the #2 Highway and Husky Avenue with access from both sides. The 5280 sqft commercial building built in 1989 and two large commercial zoned lots are offered as a package. The entire property is fenced and secure for peace of mind after hours. Two successful retail businesses have operated out of this location for years. There is a possibility for a buyer to purchase the Dollar Store franchise and remaining inventory as well, but this asking price is just for the empty building. The Dollar Store retail side of the building is 3060 sqft and there is a 2000 sqft warehouse with access from a man door on the highway side or 2 overhead garage doors on the Husky Ave side. There is plenty of room to operate multiple businesses from this location. The building is situated on one of the two 98'x196' lots and the second 98'x196' lot is open for development or to keep using for additional parking and storage. Quick possession is available if you want to get your dream of opening your own business off the ground ASAP. (id:39198)
Location
Province
Saskatchewan
City
Air Ronge
Address
Husky
Postal Code
S0J3G0
Location Highlights
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Listed by
RE/MAX La Ronge Properties 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
5,280
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
$980,000
Asking Price
$980,000
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)
5,280
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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