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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$399,000
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
ATTENTION ALL INVESTORS/ AND OR BUYERS LOOKING FOR EXTRA INCOME WHILE YOU LIVE IN ONE UNIT AND COLLECT RENT FROM 2ND UNIT, GREAT WAY TO GET INTO THE HOUSING MARKET. NICE SIZED LOT WITH LOADS OF ROOM TO ADD A GARAGE. QUIET NEIGHBOURHOOD AND WALKING DISTANCE TO ELEMENTARY SCHOOLS. QUICK QEW ACCESS. NIAGARA RIVER ONLY BLOCKS AWAY WITH BIKE/WALKING PATH. SOLID HOME WITH EACH UNIT HAVING 2 BEDROOMS EACH AND A THIRD FLOOR WALK UP ATTIC IN UPPER UNIT WHICH COULD BE EASILY FINISHED FOR MORE LIVING SPACE. MAIN FLOOR UNIT HAS ACCESS TO BASEMENT. SEPARATE GAS METERS. HOT WATER TANK OWNED. BOTH UNITS CURRENTLY RENTED. PLEASE ALLOW 24 HOURS NOTICE FOR ALL VIEWINGS. (id:39198)
Location
Province
Ontario
City
Fort Erie
Address
133 Murray Street
Postal Code
L2A2B1
Location Highlights
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Listed by
ROYAL LEPAGE NRC REALTY 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
2,000
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
$399,000
Asking Price
$399,000
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)
2,000
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
