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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,699,000
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
Landmark building in downtown Barrie. A short walk to the LakeShore and all the recreation, restaurants, banks and medical services in the downtown core. Area has been identified as high density intensification in the official plan. The building currently supports a long standing bakery in Barrie, well known for fine pastries, specialty baking and breads produced daily in the premises. The building consists of the bakery operation, retail area and a 2 bedroom apartment that would provide additional income or accommodations for an owner operator. Owners will consider selling the business along with the building and property. Family members own the adjacent home located at 12 Ross St. and would consider the 2 property assembly providing a blank canvas for redevelopment. Owner will consider renting back the bakery operation while winding the business down. (id:39198)
Location
Province
Ontario
City
Barrie
Address
10 Ross Street
Postal Code
L4N1E7
Location Highlights
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Listed by
Keller Williams Experience Realty 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
3,100
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
$1,699,000
Asking Price
$1,699,000
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)
3,100
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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