Business For Sale · Retail

118 Boul. Siant - Pierre 0, Caraquet

118 Boul. Siant - Pierre 0, Caraquet, NB E1W1B9

$689,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

83%

Lot Size

0.41 ac

About this property

When Viewing This Property On Realtor.ca Please Click On The Multimedia or Virtual Tour Link For More Property Info. A rare opportunity to acquire both a well-established restaurant business and a quality commercial property in a prime location on Boulevard Saint-Pierre. This popular resto-pub enjoys an excellent reputation, a loyal local clientele and strong seasonal tourism traffic. The main floor features a bright dining area, inviting bar, private meeting/event room and a fully equipped professional kitchen. Furniture, restaurant/bar equipment and several recent additions are included. An attached garage, large paved parking area and outdoor terrace complete the commercial space. Upstairs, a beautifully renovated 3-bedroom, 2-bathroom apartment offers additional possibilities for an owner-operator, long-term rental or potential short-term/Airbnb use, subject to applicable requirements. Continue operating the successful existing concept or take advantage of the modern, turnkey facilities to introduce your own restaurant concept, franchise or expanded services. With approximately 3,920 sq. ft., this is much more than a restaurantit is a complete business and real estate investment opportunity in the heart of Caraquet. Financial information and additional business details available to serious, qualified buyers . (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$689K
Down payment30% · $207K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$38K

Annual cash flow

$-165

Cash-on-cash

-0.08%

DSCR

1.00

Going-in cap

5.52%

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

42,283

Households

17,823

Median income

$103,500

Median age

32.7

Daytime population

47,900

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 118 Boul. Siant - Pierre 0, Caraquet.

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.