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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$425,000
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
Purchase price includes the approved building lot, ALL ENGINEERING & SITE DRAWINGS, APARTMENT BUILDING PLANS, AND CITY COUNCIL & STAFF APPROVALS. This is a NEW BUILD project complete with Municipal approvals. . The new owner just needs to buy the BUILDING PERMIT to START DIGGING.!!!-- EXCEPTIONAL LOCATION- GREAT NEIGHBOURHOOD CLOSE TO JOBS, SHOPPING AND EVERYTHING ELSE. THIS PROJECT IS A GREAT TIME-SAVER AS THE CITY HAS ALREADY APPROVED THE SITE FOR A 24 UNIT APARTMENT BUILDING (AS PER DRAWINGS) BUILDING HAS BEEN DESIGNED FOR 8 ONE BEDROOM APARTMENTS, 16 TWO BEDROOM APARTMENTS, some apartments have 2 baths, EXTRA STORAGE & VECHILE PARKING IN BASEMENT. (id:39198)
Location
Province
New Brunswick
City
Saint John
Address
510 Ellerdale Street
Postal Code
E2J3T7
Location Highlights
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Listed by
RE/MAX PROFESSIONALS 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
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
$425,000
Asking Price
$425,000
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.
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)
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
N/A
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