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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,299,000
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
Are you looking for a unique investment opportunity in the heart of Uptown Saint John? Look no further! Kitchen Craft has been a staple with its strong presence in Saint John and surrounding areas for the past 45 years. With its variety of used appliances, furniture, reliable repairs and maintenance, they have become a well respected and trusted business We Sell The Best and Service The Rest. Not only does this opportunity present a large commercial space on ground level with off street parking, it houses not one but two separate rental apartments within. Making this a lucrative venture for investors seeking both income diversity and potential for growth. The first rental, located at the front of the building, is a 4 bedroom, 2 level over-sized apartment with booming natural light throughout with the second rental situated at the rear of the building providing 2 bedrooms with lots of privacy. Invest in a thriving commercial business that combines entrepreneurial stability with the security of real estate investment. Seize the opportunity to be a part of this dynamic investment in the bustling heart of Saint John New Brunswick. (id:39198)
Location
Province
New Brunswick
City
Saint John
Address
133 Union Street
Postal Code
E2L1A6
Location Highlights
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Listed by
KELLER WILLIAMS CAPITAL REALTY New Brunswick 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
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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
$1,299,000
Asking Price
$1,299,000
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)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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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.
