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Business For Sale · Specialty

517 Main Street, Penticton

517 Main Street, Penticton, BC V2A5C8

$400,000 total

—

Asset Class

Specialty

Size

—

Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

98%

Year Built

1950

Lot Size

0.09 ac

About this property

Established local Locksmith and Security Service business for sale with decades of history in the South Okanagan and long-term staff in place. Penticton Lock & Key has both a great storefront located at 517 Main Street and 2 Service vans, 1,116 square feet of leaseable space. There is considerable recurring revenue from thousands of master keys, high security keys on file for every type of business, government and intuitional customers. The asking price includes all equipment, the 2 vans, and around $130,000 in inventory. If you have been looking to be your own boss with a turn-key established operational business, look no further call today. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$400K
Down payment30% · $120K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$26K

Annual cash flow

$4K

Cash-on-cash

3.50%

DSCR

1.19

Going-in cap

6.59%

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

62,857

Households

29,767

Median income

$103,500

Median age

33

Daytime population

92,822

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 517 Main Street, Penticton.

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.