For Sale
Road House Cafe

Lintlaw, Saskatchewan

$235,000
(plus inventory at cost, at time of possession)

Photographs

Contact & Map

BUILDING:

  • wood construction
  • concrete basement (original building)
  • crawl space (under addition, built in 1996)
  • asphalt shingles (new 2011)
  • vinyl siding
  • triple-glazed, PVC windows
  • new eaves troughs in 2011
  • 26' x 34' main floor in original building
  • 28' x 32' main floor and upstairs in new addition
  • covered ramp to entrance added in 2011
  • building is wheel chair friendly
  • deck and back yard with shed

LAYOUT:

  • Main Floor - CAFE
    • kitchen
    • storage
    • office
    • staff washroom
    • public washrooms
    • 48 seat restaurant
    • delivery reception
    • separate entrance for owners
  • Second Floor - LIVING QUARTERS
    CLICK HERE for floor plan
    • kitchen
    • living room
    • full bath
    • 3 large bedrooms

MECHANICAL:

  • town water and sewer
  • water softener
  • forced air gas furnace (2)
  • water heater
  • central air in main floor cafe
  • security system, new in 2011

EQUIPMENT AND INVENTORY:

  • commercial hood system and grill all updated
  • deep fryer
  • 6 burner gas stove, with 2 ovens
  • char broiler
  • electric pizza oven
  • rotary toaster
  • hot and cold buffet tables with inserts and lids
  • 20 quart dough mixer
  • walk-in cooler
  • 3 stand up freezers
  • 4 chest freezers
  • new till in 2012
  • ice machine
  • much more! Complete list available from seller

LAND AND TAXES:

  • 50' x 100'
  • Lot 4, Block l, Plan W 177
  • Taxes for 2012 are $1219.08

*Notice to reader: PIN provides a Value Statement. These are numbers given to us by the client. We arrange these numbers into a form and proprietary formula specially designed to illustrate value in a format that is easy to read and understand. Pin does not know if the numbers given were correct. Numbers used must be verified by your accountant, other trusted sources, or proven facts.

PLEASE CONTACT SELLER FOR MORE COMPLETE DETAILS AND FINANCIAL INFORMATION.

  • Current estimated value $235,000
  • The situation would seem well suited to someone who wanted to promote a specialty food.
  • Open every day except Thursday.
  • Catering could be expanded. Especially if this were to be ethnic, thereby offering something special for the community.
  • Purchased July 2010 - Land and empty building.
  • 3 bedroom living quarters (1996) is approximately 900 ft² plus kitchen and storage.
  • Whole building either new in 1996 or refurbished 2010
  • Roof and eaves trough (2011) and addition over walkway. $6,000
  • 32' x 25' of space could be commercial and is currently used commercially.
  • Could be purchased with as little as 5% down if it reverted to residential for 30 days.
  • Could operate as restaurant and bar.
ESTIMATED VALUE IN THIS BUSINESS OPPORTUNITY:
2011 Gross Sales (stable sales and growing):
2012 estimate $150,000
$120,000
Property and building without equipment estimated by owner:
Wawanesa estimated the replacement value of building to be $345,000 including equipment.
$130,000
Wholesale value of inventory at cost:
(estimate only actual cost to be counted and paid separately upon possession)
$12,500
Fair market value of equipment and furnishings: $75,000
Leasehold improvements $25,000
Current yearly cash flow of $120,000 to $150,000
Based upon 3 times yearly normalized net of $27,823
Valued at:
$83,469
Cash and like liabilities.
In Bank - $15,000 / Receivables – $0/ Liabilities - $0
$15,000
Any legal or tax issues – NO
Normalized net is calculated AFTER market wages paid to Managing Owner(s).
What does Return on investment look like?
7% as rental or 15% owner operator.
ROI of 7% - 15%
ASKING PRICE:
(plus inventory, at cost, at time of sale)
$235,000

DISCLAIMER:  We are not real estate agents.  Listings on www.pin.ca are private offerings and the sale of any investment unit listed on this website has not been qualified, endorsed or recommended by any Federal, Provincial or Securities agency or commission. Do your own due diligence with the help of licensed, professional lawyers, accountants and investment counsellors. Do not rely upon this, or related websites, for investment advice. We try to provide quality information, but we make no claims, promises or guarantees about the accuracy, completeness, or adequacy.

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This Page Last Revised
 April 16, 2012

E-mail Eric Jordan
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