Thinking of retiring in the next decade or so? Here are some of the most impressive deals I have come across in the past couple of weeks that may help you get there. Let me know if you are looking for something specific and I will chase it down.
4 Unit Strip Mall priced below Appraisal. I just listed this 4 unit strip mall on 4th avenue in Prince George. The building is solid and the owner built it in 1974. Rents are on the low side but the tenants are month to month and have been in place for up to 30 years. Lots of opportunities to make money in the long term. Appraisal is $900k BC Assessment is $1,065,000 Asking price $799k This will not last long so if you are interested please contact me. Click here to download a short package.
Prince George Motor Court: This is a 14 unit cabin property that rents on a weekly basis. The business made over $140k in 2022. The listing agent suggests that there is lots of upside on this property. Listed at $1,299,000 and a share sale it seems quite reasonably priced. Email or call me if you want me to arrange a tour. Click here to view the listing.
The Northern Palace Chinese Restaurant: Here is a long standing business that might be a great investment for the right family. Priced at $495k. An NDA is needed to access the financials. Click here to view the listing.
Whistler Sports Shop: I haven’t checked this out to any degree but it looked interesting at $499k. Although I know from experience that lease rates are very high in Whistler. Let me know if you want to find out more (dave@businessrealtor.ca ). Click here to view the listing.
25 Strata Units: This might have a good upside to someone who wants to sell the units individually. Located at 4144 15th Ave in Prince George the asking price is $3,499,000. This works out to $139k per door. Reach out if you would like me to get some more information or a tour for you. Click here to view the listing.
Upcoming possibilities
I have a few hot listings that will make sense for the right buyers including a newer 8 plex, a restaurant in a busy community, and some commercial properties. Also I have a few pocket listings that are not “on the market” but available to the right people. Email me if you are looking for something special dave@businessrealtor.ca
Thinking of Selling?
I have people looking for
Restaurant spaces for 50 and another for 100 seats
Daycare in Northern BC
Office space for 14 people
Computer related businesses
Carwash
Warehouse with rail siding that vehicles can be driven into
Profitable businesses that have a management team
Businesses where the owner wants to retire and is willing to help finance eager young new owners.
Business making over $1m in net profit with a management team in place
Here are a couple of articles that I have written in the past that might be of interest to you.
7 Reasons your deal might fall apart. (Read it here)
Why buying a business might be a better investment than the stock market in 2023 (Click here to read)
7 Ways to Exit your Business: - A great read if you think you only have a couple of options. (Read it here)
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