Business For Sale · Hospitality

1041 Kaiser William AVENUE, Langenburg

1041 Kaiser William AVENUE, Langenburg, SK S0A2A0

$990,000 total

8,524 SF

Asset Class

Hospitality

Size

8,524 SF

Building class

A

Zoning

CHY — Highway Corridor

$ / SF

$116

Occupancy

93%

Year Built

1981

Lot Size

1.64 ac

About this property

VERY WELL MAINTAINED, TURN KEY PROFITABLE BUSINESS IN A PRIME LOCATION! Right off the Yellowhead highway #16 connecting SK with the East & the West, you will find a great 25 room profitable motel business. In 1981 the 15 room motel complete with the 2 bedroom manager apartment (could be 3 bedroom if needed) was built on the edge of Langenburg Sk, right in the heart of potash country. Then in 2009 and 2012, the business was expanded to add 10 suites with kitchenettes to meet the growing demand for short and long term rentals. This business has generated a profit each year since owned by these sellers. Pride of ownership here as you drive up and notice how well maintained the yard is and it doesn’t stop there…all 15 rooms and suites are very clean. Your new business is ready to go with fantastic sellers to help guide you. All inventory, goodwill, outside equipment including snow removal equipment (may be considered included) and riding lawnmower as is, inside security cameras, furnishings and so much more! There are natural gas dryers and updated natural gas hot water tank on site. Each suite controls their own heat and air conditioning. Other updates include but not limited to roof, flooring, paint and more. The continuing business opportunities here are endless…a short drive to both Mosaic and Nutrien Potash mines which contractors often stay in one of the many suites. Russell Mb is a short drive with the Canola plant, the ski hill and a new potash mine as well. You also have a lot of yard space here to expand or even diversify and offer locals and passerby’s maybe a place to stop by maybe adding a snack stop, mini golf, petting zoo, maybe add a hockey team wing complete with common room mini stick area….the opportunities are endless. (id:66811)

Financial sandbox

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Estimate
Purchase price$990K
Down payment30% · $297K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$64K

Annual cash flow

$9K

Cash-on-cash

3.10%

DSCR

1.17

Going-in cap

6.47%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group2,811 SF2032-01
Meridian Health Group5,074 SF2032-01

Area demographics

Trade area within 3 miles of the property.

Population

92,574

Households

42,082

Median income

$135,500

Median age

39.6

Daytime population

131,417

5-yr growth

5.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1041 Kaiser William AVENUE, Langenburg.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.