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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$719,000
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
Attention investors and first-time home buyers. 3+1 bedroom, 3-bathroom bungalow featuring a double-car garage and inground pool, located in the desirable EastGrove Community. This well-maintained home offers main-floor laundry, vinyl flooring, and pot lights throughout. Ideally situated just 2 minutes by drive or 9 minutes on foot to Georgian College and Royal Victoria Hospital. Steps to a nearby plaza with Tim Hortons, St. Louis Bar & Grill, Rexall Drugstore, Subway, Circle K, Mucho Burrito, Twisted Indian Fusion Street Food, Pizza People & Sub, The 7 Spice, Quik Chick, and a convenience store. Close to Johnson's Beach Park, Centennial Beach, and Tyndale Beach, as well as Highway 400, public transit, schools, and parks. A fantastic opportunity with strong rental potential. (id:39198)
Location
Province
Ontario
City
Barrie
Address
Sylvia
Postal Code
L4M5J3
Location Highlights
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Listed by
HOMELIFE/MIRACLE REALTY LTD 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
$719,000
Asking Price
$719,000
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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