For Sale · Hospitality

2590 Pleasant Valley Boulevard Unit# B, Armstrong

2590 Pleasant Valley Boulevard Unit# B, Armstrong, BC V4Y0A8

$159,000 total

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Asset Class

Hospitality

Size

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Building class

C

Zoning

CHY — Highway Corridor

$ / SF

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Occupancy

100%

About this property

Country Manor Kitchen in the heart of Downtown Armstrong has been serving amazing food for many years with its aesthetic of ""granny's kitchen"" : antique mis-matched plates, a vintage milkshake machine and meals home-cooked with love, like Irish stew poutine and pulled pork salads. Serving delicious breakfasts and lunches they take pride in a from scratch, locally sourced menu. All their meats are created in house, no deli meats here! They hand press their burger patties found in their Gourmet Burgers, they are also made without fillers and are 1/3 of a pound! They roast & brine their meats in house, and make french fries by hand. Also, you can get a wide variety of in house baking, like fresh biscuits for our Soups, Eggs Benny and Breakfast Sandwiches. Rustic, Handmade, & Beyond Delicious! They express a warm, Victorian Decor themed space. Take out is always an option. Sundays you can experience the incredible Breakfast Brunch Buffet!! Country Manor Kitchen is a fresh, from scratch restaurant that serves delicious breakfasts & lunches. Fully licensed and has a seating capacity of over 70 seats. Waiting for the next owners new ideas and energy to maintain this favourite spots reputation and quality! Current owner willing to work with next buyer regarding purchase and possibly rent to own scenario. (id:66811)

Financial sandbox

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Estimate
Purchase price$159K
Down payment30% · $48K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$734

Projected NOI

$12K

Annual cash flow

$3K

Cash-on-cash

6.22%

DSCR

1.34

Going-in cap

7.41%

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

107,188

Households

42,088

Median income

$92,500

Median age

45.4

Daytime population

175,216

5-yr growth

2.3%

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

Secure deal room

Confidential diligence documents for 2590 Pleasant Valley Boulevard Unit# B, Armstrong.

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.