For Sale · Hospitality

Morinville

Morinville, AB T8R1K8

$199,999 total

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Asset Class

Hospitality

Size

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Building class

A

Zoning

CHY — Highway Corridor

$ / SF

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Occupancy

95%

Lot Size

0.0634863567493113 ac

About this property

Turnkey opportunity to own a well-established and highly regarded local favorite in the heart of Morinville! SELLER FINANCING OPTIONS AVAILABLE! Panchita’s Taqueria is a vibrant and inviting Mexican eatery known for its authentic tacos, bold flavors, and fresh ingredients. This charming 1,487 sq ft space offers a warm, welcoming atmosphere with stylish décor, dine-in seating, and an efficient service layout that keeps customers coming back.With a strong local following, several local partnerships and excellent reputation, Panchita’s has become a go-to destination for both residents and visitors seeking a true taste of Mexico. The thoughtfully designed interior, combined with a functional kitchen and service area, makes this a seamless opportunity for an owner-operator or investor looking to step into a fully operational business.Sale includes a wide range of equipment and assets, allowing for a smooth transition and continued success. Whether you’re looking to continue the existing brand or bring your own concept to life, this is an exceptional opportunity in a growing community with strong local support. (id:66811)

Financial sandbox

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Estimate
Purchase price$200K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$924

Projected NOI

$13K

Annual cash flow

$2K

Cash-on-cash

2.76%

DSCR

1.15

Going-in cap

6.37%

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

107,833

Households

49,653

Median income

$94,000

Median age

45.7

Daytime population

166,776

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for Morinville.

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.