Business For Sale · Retail

1256 Ellerslie Road, Route 133, Ellerslie-Bideford

1256 Ellerslie Road, Route 133, Ellerslie-Bideford, PE C0B1J0

$798,888 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

85%

Year Built

1970

Lot Size

1.78 ac

About this property

Iconic Turnkey Business Opportunity in Ellerslie, PEI! Step into a thriving tradition with Kennys Restaurant & Dairy Bar, a beloved community staple since the 1970s and the undisputed hotspot of West Prince. Situated on a prime 1.78 acre parcel, this iconic single level commercial property offers over 2,100 square feet of immaculate, updated restaurant space. Inside, guests are welcomed by a spic and span, spacious dining area and an extensive menu ranging from appetizers, classic burger and fries to perfectly portioned pasta and a bustling dairy bar operation! What truly sets this property apart is its incredible outdoor setup. The exterior features a sunny veranda, picnic tables, and a vibrant outdoor area complete with a thrilling zip line for kids of all ages that draws families from across the county. Located right beside the Ellerslie Elementary School, the popular cycling paths and deeply supported by surrounding communities, the foot traffic here is highly consistent. Currently operated as a lucrative 9 month seasonal venture (March to October), the infrastructure easily supports a year round transition. With all equipment included and recent renovations completed, this is an unmatched, move in ready opportunity for entrepreneurs looking to inherit a legacy business. This will be a share sale. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$799K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$45K

Annual cash flow

$525

Cash-on-cash

0.22%

DSCR

1.01

Going-in cap

5.61%

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

95,409

Households

34,814

Median income

$103,000

Median age

44.8

Daytime population

107,315

5-yr growth

3.6%

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

Secure deal room

Confidential diligence documents for 1256 Ellerslie Road, Route 133, Ellerslie-Bideford.

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.