- concrete basement
- crawl space (under
addition, built in 1996)
- asphalt shingles (new 2011)
- vinyl siding
- triple-glazed, PVC
- 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
- Main Floor - CAFE
- staff washroom
- 48 seat
entrance for owners
- Second Floor - LIVING QUARTERS
CLICK HERE for
- living room
- full bath
- 3 large
- town water and
- water softener
- forced air gas
- water heater
- central air in main
- security system, new in 2011
hood system and grill all updated
- deep fryer
- 6 burner gas stove, with 2 ovens
- char broiler
- electric pizza
- rotary toaster
- hot and cold buffet
tables with inserts and lids
- 20 quart dough mixer
- walk-in cooler
- 3 stand up
- 4 chest freezers
- new till in 2012
- ice machine
- much more!
Complete list available from seller
- 50' x 100'
- Lot 4, Block l, Plan W
- Taxes for 2012
*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.
CONTACT SELLER FOR MORE COMPLETE DETAILS AND FINANCIAL INFORMATION.
estimated value $235,000
- The situation
would seem well suited to someone who wanted to promote a specialty
- Open every day
- 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
- 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
2012 estimate $150,000
Property and building without
equipment estimated by owner:
Wawanesa estimated the replacement
value of building to be $345,000 including equipment.
Wholesale value of inventory at cost:
(estimate only actual cost to
be counted and paid separately upon possession)
|Fair market value
of equipment and furnishings:
|Current yearly cash flow
of $120,000 to $150,000
Based upon 3 times yearly
normalized net of $27,823
Cash and like liabilities.
In Bank - $15,000 / Receivables – $0/
Liabilities - $0
|Any legal or tax issues –
Normalized net is calculated AFTER
market wages paid to Managing Owner(s).
What does Return on investment look
7% as rental or 15% owner operator.
|ROI of 7% - 15%
inventory, at cost, at time of sale)
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