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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,175,000
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
Welcome to the well maintained and renovated 12-plex in Mount Forest, where each unit is separately metered, opportunities like this don't come up often, Over the past decade, extensive renovations have transformed this property into a modern haven while retaining its timeless charm. Enjoy the convenience of backing onto public parking and being steps away from shops, building has high tenant satisfaction. With exceptional returns grossing just under 160K per year and growth potential, this investment opportunity stands out, Additionally, the current management company is willing to continue management, ensuring a smooth transition for the new owner. Don't miss this rare chance to be part of such a thriving venture! (id:39198)
Location
Province
Ontario
City
Mount Forest
Address
133 Wellington Street East Street
Postal Code
N0G2L2
Location Highlights
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Listed by
Century 21 Excalibur Realty Inc 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
0
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
$2,175,000
Asking Price
$2,175,000
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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