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Hospitality Property For Sale at 14276 HIGHWAY 41 in Cloyne, Ontario

4 Sale ID #200726
Updated 04 May 2024

Asking Price

$999,900

Cap Rate help 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.

N/A

Lot Size

N/A

Building Size

N/A

Premise Summary

Once in a lifetime opportunity to own and operate your own 20 room hotel with full service restaurant and a full service bar!!! Located right in the heart of Land O'Lakes is the stand alone entrepreneurs dream, with such little competition in the area, you'll be pleasantly surprised with all the support of the locals and traveler's coming through. Don't waste time, call today for your personal guided tour. (id:39198)

  • MLS® : #40535605
  • Date Listed : 31 Jan 2024

Location

Province

Ontario

City

Cloyne

Address

14276 Highway 41

Postal Code

K0H1K0

Location Highlights

N/A

Listed by

Re/Max Rise Executives, Brokerage Ontario listing

Category

hospitality-properties

Property Information

Premise Status

N/A

With Accommodation

N/A

Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

11,161

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

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$999,900

Asking Price

$999,900

Cap Rate help 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.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

11,161

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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