Commercial Property With Business For Sale In Kitimat, BC

1709

HIGH CASH FLOW BUSINESS with PROPERTY.
Great opportunity to get into the commercial
real estate market in the booming town of
Kitimat. This property is nearly 20,000 sq. ft.
with a 2800 square foot building that being
operated as a Convenience Store and
Laundromat. The building has been completely
updated with the owners investing close to
400k in recent exterior and interior upgrades.
Gross revenues are over 2M, with adjusted net
income over 300k per year. A new owner
could add new services or expand the existing
footprint to drive growth. This is a great
opportunity to get in on a high cash flow
business in this desirable region.
CAP RATE – 13% - 15% - HIGH CASH FLOW
LOCATION, WITH OPPORTUNITY FOR GROWTH
OVER 2.3MILLION IN SALES- HIGH NET INCOME.

Facilities:

Capitalization Rate- Owner operated – 15% Capitalization Rate – Investor – 13%

Growth Potential:

ABOUT KITIMAT The District of Kitimat (population: 9,332) is a familyoriented community based in the heart of the Northern British Columbia wilderness. The Kitimat River and nearby ocean channels are ideal for a variety of water sports and exciting adventures, including freshwater and saltwater fishing, kayaking, canoeing, boating and visiting hot springs. Similarly, the area's untouched lands, forests and peaks entice and fully accommodate people’s pursuit of outdoor recreation opportunities including hiking, rock climbing, ATVing, snowmobiling, fishing, boating and many more activities. The Kitimat region is already experiencing strong growth and will continue the strong trajectory as all the new LNG projects start coming on stream. This is an outstanding opportunity to build wealth through a sustainable profitable business in a prime location. CALL FOR MORE INFORMATION. CONFIDENTIAL AGREEMENT REQUIRED. http://www.kitimat.ca/EN/main/business/invest-in-kitimat/major-projects.html http://www.chevron.ca/our-businesses/kitimat-lng