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$1.1M total
—
Asset Class
Hospitality
Size
—
Building class
A
Zoning
CHY — Highway Corridor
$ / SF
—
Occupancy
88%
Year Built
1940
Lot Size
0.14 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 368 Vancouver Avenue, Penticton.
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.