OFFER of LEASE TO PURCHASE
For 383 Main Street – Selkirk, Manitoba
As per the photo right below. I can use the above photo, if I have to.
This is the signage that I want for front of building in the middle of the top portion of the building.
These type of doors.
A version of this sign should go on the left side of the doors.
Ocean Palace Info should go right under it. Text coming. Stay Tuned.
The Best Chinese Dining – “This Side of the Moon!”
We can literally have 2 LED Screens in front. One for all the ads and stuff on top, and the other one with all the entertainment line-ups on the bottom.
Have to be careful that the bottom screen won’t get damaged, somehow,
I would like the Billboard LED Screen to run from where the existing sign ends to about the same distance on the right hand side. So, about a 24 ft. sign. We don’t need the Ocean Palace sign here, we will put it on the LED Screen and on the left hand side of the doors.
Each one of those panels at the bottom is about 5 ft. I did a rough measurement today. I think the building is about 54 ft wide, and about 120 ft. deep.
I would like the doors to be that Gold Bronce Doors in a previous photo.
I also like the pillars in the photo below. That is nice touch.
Should be a blackish Building with Gold Frames and roofing tiles. & Gold Doors.
Maybe we can put a sign on the far left that Says The Music City Manitoba Corporation
where you have Ocean Palace in the photo below.
I think that should look okay.
The old App seems to do a better job.
The LED Screen Sign should say
Mr. Canada’s
Coffee House Network Inc.
Live Music/Home of Singsation
Sponsored by: The Wild Willow Construction Co.
This line is not really important.
We will put in Signs that will promote our Bands in the lower panels. Appearing On June 15 – 27, 2025. etc. Maybe 4 or 5 weeks of them. Like this.
The Entertainment
the proposal of lease to purchase
Our lease to purchase offer for 383 Main Street – Selkirk, Manitoba.
1st contact – October 8, 2025
See below.
Renovations to do first:
The Show Room:
Build Stage to fit the space. Put in a motorized stage curtain, if possible.
Get all the Backline, Sound Equipment & Lighting
Put in Hardwood Floors
Make sure we have the proper # of Tables etc.
Determine the exact number of seating availability
Design where the Poster LED will go.
Design the walls to match everything
Put in the LED Screen behind Stage.
Renovate the Bathrooms
Renovate the Kitchen (find out if we need anything)
Determine what we need for the Coffee, Dessert fixtures, Grill, Fryers etc. Create a Sweet Spot Display.
Renovate the Lobby
Check all the water, heating & cooling systems.
Next Spring:
Repaint the exterior and fix everything
Put in a Couple of Fire Exit Doors if needed.
Install the Outdoor LED Screen/Signage
Design Outdoor advertising for front exterior wall.
Fix the parking area at back.
Add on as we think of what has to be done…
WE WILL AGREE TO A LEASE TO PURCHASE:
The entire building, equipment, furniture, & property commonly known as Ocean Palace.
@ 383 Main Street in Selkirk, Manitoba, in an as in condition.
From Mr. Si Keong (approximately 13,000 sq. ft.) (Estimated)
This is to include all the property, restaurant furniture & equipment, including the parking lot area, etc.
for the total sum of $500,000.00
We believe that $500,000.00 (all in) is a reasonable offer:
We can start to work on the agreement, now.
The lease is to begin on June 15, 2026
Sponsors needed for this location:
We will get businesses that we have to buy equipment & supplies from, to start it off.
Examples:
Home Hardware
Construction Companies
Painting Contractors
Restaurant Supply Company
Food Services Company
Liquor Companies
Other Beverage Companies
Various Musical Instrument Suppliers
Flooring Company
Coffee Company
Signage Company
LED Screen Company
Linen Company
Then we will line up every small business that we can.
They each get a total of 52,560 Impressions on 3 screens per year. Plus, other benefits.
We will be constantly lining up every person that could be interested in getting the Individual Poster Sponsorships. (They each get 13,149 Impressions per location per year.) Plus, other benefits.
EXAMPLE ONLY
We are willing to pay on these dates, and in this manner.
for a period of 36 months and up to 72 months.
June 15, 2026 – $8,000.00 (1st & Last Payment)
July 15, 2026 – $4,000.00
August 15, 2026 – $4,000.00
September 15, 2026 – $4,000.00
October 15, 2026 – $4,000.00
November 16, 2026 – $4,000.00
December 15, 2026 – $4,000.00
January 15, 2027 – $4,000.00
February 15, 2027 – $4,000.00
March 15, 2027 – $4,000.00
April 15, 2027 – $4,000.00
May 15, 2027 – $4,000.00
June 15, 2027 – $4,000.00
July 15, 2027 – $4,000.00
August 16, 2027 – $4,000.00
September 15, 2027 – $4,000.00
October 15, 2027 – $4,000.00
November 15, 2027- $4,000.00
December 15, 2027 $4,000.00
January 17, 2028 – $4,000.00
February 15, 2028 – $4,000.00
March 15, 2028 – $4,000.00
April 17, 2028 – $4,000.00
May 15, 2028 – $4,000.00
June 15, 2028 – $4,000.00
July 17, 2028 – $4,000.00
August 15, 2028 – $4,000.00
September 15, 2028 – $4,000.00
October 16, 2028 – $4,000.00
November 15, 2028 – $4,000.00
December 15, 2028 – $4,000.00
January 15, 2029 – $4,000.00
February 15, 2029 $4,000.00
March 15, 2029 – $4,000.00
April 16, 2029 – $4,000.00
May 15, 2029 – paid in the 1st payment.
*36 Monthly Payments of $4,000.00 each = $144,000.00
* 72 Monthly Payments of $4,000.00 each = $288,000.00
Final Payment $500,000.00 – $144,000.00 = $356,000.00
Final Payment $500,000.00 – $288,000.00 = $212,000.00
to be paid on June 15, 2029 or June 15, 2032
Bill of Sale to be provided on that day, as well.
Please Note:
All renovations that we make until the Sale is complete will be property of the
Ocean Palace Restaurant until paid off.
Conditional on the following:
That the proper zoning, and all other requirements are able to be met, in a timely fashion, so that we can implement everything we have planned over the next few months and years, and that we can get an engineering report done, if necessary, just to make sure that the roof doesn’t leak, all the electrical systems, air conditioning, and everything is up to par, and that kind of stuff, and everything else is up to standards, and that we can bring the architects, as soon as possible, to look things over, and to begin their planning.
That we are provided with all the necessary plans, drawing, etc. if they exist, in the earliest time frame.
That we are able to “use” this property from October 15, 2025 – June 15, 2026. for preparation, plannings, promotional events, renovations, selling our sponsorships, and basically everything else we need to get the place ready for opening day. The selling of our sponsorships will start, as soon as possible.
That we are able to secure the number of sponsors required to be able to sustain each location, for a period of at least 1 year, prior to opening each location.
That we are able to get a substantial discount for our Staff, Entertainers, and Our Gold VOP Sponsors.
In order to protect our future investment in the building, and to provide security for the building, we would be willing to move into the top floor, in an as is condition, to set up our offices, and so forth. We will totally renovate that area, at our leisure, while overseeing the planned renovations, on the main part of the building. (Bottom Floor)
We will rest easy knowing that the building is under total security. We may even set up a security system, with cameras etc. linked directly to our computers.
If necessary, we would be willing to pay our share of the utilities, etc. until such time as the lease begins on June 15, 2026. At that time, we can take over all the expenses related to that.
At the same time, we would be able to start renovations on that part of the building as soon as we want, and work at it at any time we want, and on off times.
No Load – bearing walls or pillars will be touched. This is basically all cosmetic renovations. If there are any major issues we will get approval from the owners.
That the Ocean Palace maintain and serve as a functioning Chinese Restaurant until June 15, 2029/2031, with the option of staying longer, if required.
We will agree to promote, market it in normal course of our business.
That all monies we pay into the lease will be applied towards the purchase price of the property.
More conditional notes to come. Stay Tuned!
note
If this proposal is agreed to, we will write up a legal document, that we both agree upon, and we will both sign it.
We would like to begin planning everything that is needed to do immediately, and would like to begin with some minor renovations that will not affect the day – to – day operations of the restaurant, but will enhance it, as soon as we can.
The Music City Manitoba Corporation does hereby agree that all renovations and investment that it makes into this building will remain the property of Ocean Palace, until such time as the total agreed upon sum is paid off completely, and the title is transferred to The Music City Manitoba Corporation.