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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$849,900
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
Downtown, small town of Burford, Ontario. Currently a clean three unit building with one renovated, 2 bedroom, main floor apartment ( very nice) and two large apartments above that are clean and looked after. Rents for residential are including utilities. Owner pays.Main floor storefront is nice in good condition with big storefront windows. Currently an ice cream shop that is open seasonally. Rent is higher in summer months, lower in winter ( closed). Hard to find this old time lifestyle! Especially in such a friendly little town. Get away from big city stress. There are several businesses around, grocery, restaurants, pizza, library, post office etc. Two newer central air conditioners. Newer septic, in good condition. long term tenants. Very few places for rent in this community. Washer, dryer, three refrigerators and three stoves will be included. (id:39198)
Location
Province
Ontario
City
Burford
Address
122 King Street
Postal Code
N0E1A0
Location Highlights
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Listed by
Century 21 Heritage Group Ltd 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
1,900
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
$849,900
Asking Price
$849,900
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.
N/A
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)
1,900
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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