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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,070,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Fully detached 2 sty, approx 3100 sq ft, well maintained - mixed use building with parking. Main level commercial unit approx over 1500 sq ft, store front & high traffic exposure. Located in , high residential area, and steps to trendy Ottawa St shopping district. Upper level with separate entrance to 2 renovated apartments 1 – 1 bed, 1 - 2 bed. Plus basement approx 1400 sq ft of office/storage space. Great opportunity for investment or live/work. Currently commercial space is long time established and success Deli & meat store. Bonus for Buyer - Seller is willing to train if Buyer wants to continue the business & will help in the transition(turnkey operation), or Commercial space will be vacant possession on closing. Lots of potential for any type of business, service industry, professional office, studio, food industry and more. Main commercial unit may be divided into 2 separate units, each with sep entrance. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
1111 Cannon Street E
Postal Code
L8L2J5
Location Highlights
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Listed by
Royal LePage Real Estate Services Ltd., Brokerage Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
4,463
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$1,070,000
Asking Price
$1,070,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
4,463
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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