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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$990,000
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
This recently constructed four-story building boasts quality craftsmanship. Looking for a buyer able to seize this opportunity. Conveniently located on a bus route, it offers easy access to downtown via a quick bike ride or drive. Teranet Property description is Duplex property code 332. No current rental licence on building. Property is being sold Power of Sale everything as is, where is and being sold without any representations or warranties. (id:39198)
Location
Province
Ontario
City
London
Address
5 Front Street
Postal Code
N6C1K4
Location Highlights
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Listed by
KELLER WILLIAMS INNOVATION 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
7,455
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
$990,000
Asking Price
$990,000
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)
7,455
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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