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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,199,000
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
The HARVARD is conveniently located within easy walking distance to the shops and services of 17th Ave. S.W. The well maintained building has 8 large suites. Recent enhancements and renovations include new roof, new gutters, new eavestroughs (Dec 2023), replacement of old steam heat to forced air furnace, extensive electrical upgrading, hardwood floor repairs, new stairs and foyer support, and suite renovation with new bathrooms. There is a attractive, assumable mortgage. See the terms set out in the supplements. Please make offers subject to viewing. (id:39198)
Location
Province
Alberta
City
Calgary
Address
933 18 Avenue Sw
Postal Code
T2T0H2
Location Highlights
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Listed by
Michael Fleming Realty Corp. Alberta 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
9,732
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
$2,199,000
Asking Price
$2,199,000
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)
9,732
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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