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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,395,000
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
Welcome to one of arguably the most renowned waterfront businesses & destinations on Georgian Bay, Henry's Sans Souci. Set amongst private & crown islands and located on Frying Pan Island, this family restaurant business is known for its famous fish & chips including battered & pan fried Pickerel dinners along with a variety of other best in-class menu items. The large protected shoreline of 450' boasts dockage for 50-60 runabout boats & overnight mooring with hydro for approx. 17 boats. Rare aerodrome license & designated helipad! The options are limitless! Enjoy breathtaking views of the Bay from this licensed restaurant's grand patio, indoor/outdoor seating for 119, 2 x 2-bedroom cottages & 3 cabins perfect for guests or to house staff. Others include radio license, two updated septic systems & merchandise shop. Serving the neighbouring cottagers is the Sans Souci and Copperhead Association founded in 1903 and operates a community centre. Summer activities include a day camp, yoga classes, tennis, occasional lectures, ecumenical Sunday church services, an annual regatta and arts and crafts show, The Sans Souci Community Centre is open to members as well as the general public. Only 20km southwest of Parry Sound. Continue the legacy at this iconic property and leave your own mark on history. The possibilities are endless at Henry's Sans Souci and the journey is yours to create! (id:39198)
Location
Province
Ontario
City
Parry Sound
Address
10 B321 Island / Frying Pan Island
Postal Code
P2A2L9
Location Highlights
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Listed by
Engel & Volkers Parry Sound, Brokerage 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
6,485
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
$1,395,000
Asking Price
$1,395,000
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)
6,485
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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