Business For Sale · Hospitality

368 Vancouver Avenue, Penticton

368 Vancouver Avenue, Penticton, BC V2A1A5

$1.1M 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

88%

Year Built

1940

Lot Size

0.14 ac

About this property

The Bench Market, one of the South Okanagan's top food destinations is being offered For Sale. This iconic brand in Penticton's food scene has an incredibly strong following among locals, wine tourers and tourists alike. This top foodie destination is located on Vancouver Hill which is the beginning of the famous winery route on the Naramata Bench. The Bench Market has built their reputation on providing high quality artisanal fare with fresh locally sourced ingredients. This successful & profitable business is fully turn-key. From the recipes, fully equipped kitchens etc. to marketing, the only thing this business needs is you! Included in this share sale are the business/goodwill, the property (including 2 buildings), & all assets. The Bench Market has 3 main income sources, providing a diverse product offering: the eatery/cafe, the niche grocery market & the catering business. Fabulous outdoor seating has made this popular location the place to be for many years. If you have a passion for the industry, this is your opportunity to invest in a highly successful business & take it to the next level. The Bench Market is calling for you! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.13M
Down payment30% · $338K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$68K

Annual cash flow

$6K

Cash-on-cash

1.72%

DSCR

1.09

Going-in cap

6.06%

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

85,120

Households

30,607

Median income

$134,500

Median age

39

Daytime population

91,523

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 368 Vancouver Avenue, 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.