227 Main Street, Radville, Saskatchewan S0C 2G0

RBar Restaurant and Hotel has been recognized with an award from Tourism Saskatchewan. It is multi-business property in the thriving community of Radville located in SE Saskatchewan. There are multi-income streams from the bar, hotel (22 rooms), bed and breakfast (5 themed rooms), restaurant, 3 VLTs (additional 3 are in application) plus other potential income opportunities. The hotel part of the property has 22 rooms with a bed and breakfast area with 7 themed rooms plus owner's suite(2 bedroom suite) and manager’s suite( 1 bedroom suite). The 22"hotel type" rooms have serious potential for a senior citizen care home as it is separate from the bar and restaurant. The premises have been recently renovated with the most recent renovations in May 2016 being the kitchen area. The replacement cost of the property and inclusions are estimated to be in excess of $2 million. Additionally, there is a 60'x120' vacant lot adjacent to the premises and included with the sale. This is an exceptional investment opportunity with Care Home potential as there are 22 rooms. Owner financing would be considered for qualified buyers. The local economy is primarily driven by agriculture and diverse supporting service industries. Financials available upon signing a NDA. Owners and owners' kids live in the owner's suite (2 bedroom suite). We figured out that the owner's family get about a benefit of $40,000 (housing and living expenses) per year from the property and business that is for sale. Check out http://rbarrestaurant.ca/ (id:27476)

This Freehold property, known as RBar Restaurant and Hotel, has received an award from Tourism Saskatchewan and is a multi-business establishment in the thriving community of Radville, located in SE Saskatchewan.

The property offers multiple income streams, including a bar, hotel with 22 rooms, bed and breakfast with 5 themed rooms, restaurant, and 3 VLTs (with an additional 3 in the application process), as well as other potential income opportunities.

The hotel portion of the property consists of 22 rooms, a bed and breakfast area with 7 themed rooms, an owner's suite (2 bedroom suite), and a manager's suite (1 bedroom suite). The 22 "hotel type" rooms have potential for conversion into a senior citizen care home, as they are separate from the bar and restaurant.

The property has undergone recent renovations, with the most recent being in May 2016 in the kitchen area. The estimated replacement cost of the property and inclusions is in excess of $2 million, and it also includes a 60'x120' vacant lot adjacent to the premises.

This property presents an exceptional investment opportunity, particularly for a Care Home, given its 22 rooms. Owner financing is a possibility for qualified buyers, and financials are available upon signing a NDA.

The local economy is primarily driven by agriculture and diverse supporting service industries. The owners and their children reside in the owner's suite, and it is estimated that they receive a benefit of $40,000 (housing and living expenses) per year from the property and business that is for sale.

For more information, visit the property's website at http://rbarrestaurant.ca/ (id:27476).

This property is currently for sale and has a land size of 23790 sqft. It is located at 227 Main STREET in the city of Radville, Saskatchewan, with a postal code of S0C2G0. The heating type for this property is a furnace.