For Sale · Specialty

1168 Smythe Street, Fredericton

1168 Smythe Street, Fredericton, NB E3B3H5

$140,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

89%

Lot Size

0 ac

About this property

Opportunity Awaits! Bonnie and Clyde's, located in the busy Smythe Street Plaza in Fredericton, is now for sale! This newly renovated shooter bar and restaurant presents an exciting turnkey opportunity for an ambitious entrepreneur. During its brief operating period of less than six months, the business generated weekly sales ranging from $6,000 to $10,000 while establishing a loyal and growing clientele. These results were achieved despite being unable to serve alcohol due to a licensing issue related to the owner's personal circumstances. With a business model designed around liquor sales, the operation was unable to reach its full potential. That issue has now been resolved, and a liquor licence is expected to be available to a qualified purchaser. Offers may be made conditional upon obtaining a liquor licence prior to closing. The premises have been tastefully renovated, and most equipment is less than six months old, minímizing startup costs and allowing a new owner to hit the ground running. Combine this with a high- visibility location in one of Fredericton's busy commercial areas, and the potential is undeniable! The current owner has decided to pursue other interests and is willing to consider financing a portion of the purchase price for a qualified buyer. An excellent opportunity to build on an established foundation and take this business to the next level! (id:66811)

Financial sandbox

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Estimate
Purchase price$140K
Down payment30% · $42K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$646

Projected NOI

$10K

Annual cash flow

$2K

Cash-on-cash

5.08%

DSCR

1.27

Going-in cap

7.06%

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.

Area demographics

Trade area within 3 miles of the property.

Population

141,025

Households

59,813

Median income

$116,500

Median age

32.4

Daytime population

180,004

5-yr growth

6.9%

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

Secure deal room

Confidential diligence documents for 1168 Smythe Street, Fredericton.

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.