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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,888
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 property presents an exceptional opportunity for both budding and seasoned investors seeking to enhance their portfolio with a turn-key solution that promises not only aesthetic appeal but also financial viability. Spanning across approximately 1,200 square feet above grade, this meticulously maintained property boasts modern renovations completed within the last three years. This property features an array of finishings that include quartz countertops, subway tile backsplashes, vinyl plank flooring and stainless steel appliances. To help with expenses, the property has a full operating in-law suite in the basement with a separate entrance. Located on a pristine and quiet street, this property is located in a prime area of Central Hamilton. Buyer to do due diligence on zoning and legal use. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
81 Colbourne Street
Postal Code
L8R2G6
Location Highlights
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Listed by
EXP 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
1,200
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
$699,888
Asking Price
$699,888
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)
1,200
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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