Business For Sale · Hospitality

902 MAIN STREET, Biggar

902 MAIN STREET, Biggar, SK S0K0M0

$2.5M total

30,276 SF

Asset Class

Hospitality

Size

30,276 SF

Building class

A

Zoning

CHY — Highway Corridor

$ / SF

$83

Occupancy

98%

Year Built

1975

Lot Size

1.62 ac

About this property

Discover an exceptional business opportunity in the thriving town of Biggar, Saskatchewan. This meticulously maintained property, spanning 1.62 acres, is centrally located and offers a combination of profitable businesses: a hotel, liquor store (off-sale), bar, VLTs, and restaurant. Biggar is strategically positioned at the crossroads of Highways 4, 14, and 51, making it easily accessible and a prime location for both young families and entrepreneurs. Just under an hour's drive from the City of Bridges and an international airport, this town is home to industry leaders such as Rack Petroleum, AGI Envirotank, Prairie Malt, and APA Archery. The hotel, a cornerstone of the community since 1975, features 51 guest rooms with various configurations to meet diverse needs. All rooms are equipped with modern amenities, including TVs, refrigerators, and air conditioning, ensuring a comfortable stay for guests. The property also includes a well-managed restaurant, currently operated by a tenant, offering breakfast, lunch, and dinner to the local community and visitors. The cozy bar area is furnished with tables and chairs, 12 VLTs, a pool table, and a well-organized liquor selection. The liquor store, with an off-sale license, is a valuable addition to this business package. This property is a rare opportunity for a savvy investor to acquire a fully operational and successful business in a growing community. The owners have taken great pride in managing and maintaining the property, making it an ideal investment for those looking to continue this legacy. Included in the sale: Hotel with 51 guest rooms, Liquor license, Liquor store (off-sale),Bar with 12 VLTs and Restaurant . Don't miss out on this chance to own a piece of Biggar's vibrant business community. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.50M
Down payment30% · $750K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$190K

Annual cash flow

$51K

Cash-on-cash

6.84%

DSCR

1.37

Going-in cap

7.59%

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.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group10,346 SF2031-08
Meridian Health Group6,705 SF2031-08
Meridian Health Group4,355 SF2031-08
Meridian Health Group8,235 SF2031-08

Area demographics

Trade area within 3 miles of the property.

Population

79,307

Households

34,736

Median income

$80,000

Median age

40.2

Daytime population

68,890

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 902 MAIN STREET, Biggar.

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.