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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$449,000
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
For the first time ever Elks Club Lodge (land and building only) is for sale. Large very solid 2 story building with basement on corner lot in downtown Estevan. Full kitchen on 2nd floor with tons of space for hosting functions. Basement has large space for hosting functions as well. This building has so much potential for the right individual. Elks Club would remain as tenants with proper agreement if buyer wanted. Don't wait, call for your showing today (id:39198)
Location
Province
Saskatchewan
City
Estevan
Address
Souris
Postal Code
S4A1C3
Location Highlights
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Listed by
Century 21 Border Real Estate Service 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
6,992
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
$449,000
Asking Price
$449,000
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)
6,992
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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