7220 36 Street NE, Salmon Arm7220 36 Street NE, Salmon Arm — photo 27220 36 Street NE, Salmon Arm — photo 37220 36 Street NE, Salmon Arm — photo 47220 36 Street NE, Salmon Arm — photo 57220 36 Street NE, Salmon Arm — photo 67220 36 Street NE, Salmon Arm — photo 77220 36 Street NE, Salmon Arm — photo 87220 36 Street NE, Salmon Arm — photo 97220 36 Street NE, Salmon Arm — photo 107220 36 Street NE, Salmon Arm — photo 117220 36 Street NE, Salmon Arm — photo 127220 36 Street NE, Salmon Arm — photo 137220 36 Street NE, Salmon Arm — photo 147220 36 Street NE, Salmon Arm — photo 157220 36 Street NE, Salmon Arm — photo 167220 36 Street NE, Salmon Arm — photo 177220 36 Street NE, Salmon Arm — photo 187220 36 Street NE, Salmon Arm — photo 197220 36 Street NE, Salmon Arm — photo 207220 36 Street NE, Salmon Arm — photo 217220 36 Street NE, Salmon Arm — photo 227220 36 Street NE, Salmon Arm — photo 237220 36 Street NE, Salmon Arm — photo 247220 36 Street NE, Salmon Arm — photo 257220 36 Street NE, Salmon Arm — photo 267220 36 Street NE, Salmon Arm — photo 277220 36 Street NE, Salmon Arm — photo 287220 36 Street NE, Salmon Arm — photo 297220 36 Street NE, Salmon Arm — photo 307220 36 Street NE, Salmon Arm — photo 317220 36 Street NE, Salmon Arm — photo 327220 36 Street NE, Salmon Arm — photo 337220 36 Street NE, Salmon Arm — photo 347220 36 Street NE, Salmon Arm — photo 357220 36 Street NE, Salmon Arm — photo 367220 36 Street NE, Salmon Arm — photo 377220 36 Street NE, Salmon Arm — photo 387220 36 Street NE, Salmon Arm — photo 397220 36 Street NE, Salmon Arm — photo 407220 36 Street NE, Salmon Arm — photo 417220 36 Street NE, Salmon Arm — photo 427220 36 Street NE, Salmon Arm — photo 437220 36 Street NE, Salmon Arm — photo 44
1/44
Business For Sale · Hospitality

7220 36 Street NE, Salmon Arm

7220 36 Street NE, Salmon Arm, BC V0E1K0

$214,900 total

—

Asset Class

Hospitality

Size

—

Building class

C

Zoning

CHY — Highway Corridor

$ / SF

—

Occupancy

96%

About this property

The charming, fully licensed Canoe Beach Cafe & Water Sports, a beloved establishment on scenic Canoe Beach overlooking Shuswap Lake, is now available for acquisition. This fantastic spot offers patrons a delightful experience, whether they are relaxing and enjoying the cafe's food, ice cream, and beverages, or venturing onto the lake with rented water toys. The business boasts a fully equipped gourmet kitchen, enabling the creation of meals and snacks throughout the day, with a specialty in Ice Cold Adult Bevies, Burgers, Lobster Rolls, Donairs & Poutine. On the rental side, kayaks, paddle boards, and hydro bikes are offered. This turnkey operation, encompassing the building, all equipment, and rentals, seamlessly blends waterfront fun and dining with the tranquility of a lakeside retreat. Nestled on a beautiful beach providing breathtaking lake views, it attracts a consistent flow of both locals and tourists. An expansive outdoor seating area provides the perfect setting for alfresco dining while enjoying stunning sunset views. The cafe has cultivated an established reputation, well-known for its delicious menu, excellent service, and vibrant community vibe. It demonstrates consistent revenue with strong profit margins and holds significant potential for future growth. The business benefits from loyal patrons and positive reviews on social media and dining platforms, further enhancing its appeal. Whether the prospective owner is an experienced restaurateur, someone seeking a fulfilling semi-retirement venture, or an investor looking to enter the hospitality industry, this cafe offers an exceptional opportunity to own a thriving business in a prime location, representing a true piece of paradise. Interested parties are encouraged to act now to make this charming licensed beach cafe their own. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$215K
Down payment30% · $64K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$992

Projected NOI

$17K

Annual cash flow

$5K

Cash-on-cash

7.80%

DSCR

1.42

Going-in cap

7.88%

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

53,634

Households

20,234

Median income

$102,500

Median age

32

Daytime population

87,420

5-yr growth

7.3%

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

Secure deal room

Confidential diligence documents for 7220 36 Street NE, Salmon Arm.

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.