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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$939,000
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
Nestled in the picturesque lakeside community of Southampton, a prosperous food and drink business, along with its accompanying building, is now available for sale. Southampton is renowned as one of the most sought-after retirement destinations in Ontario, celebrated for its quaintness and beautiful sand beaches. This meticulously run restaurant stands as a turnkey operation, boasting a dedicated clientele from both the local community and beyond. With a current license allowing seating for up to 87 patrons, the establishment provides an inviting ambiance for indoor dining across its approximately 3100 square feet. The space encompasses a fully equipped kitchen, a welcoming dining room, intimate seating areas, and two sit-down bars that showcase a distinctive selection of beers and wines. Over the past 8 years, the owners have painstakingly cultivated and grown this thriving business and are eager to support the new owner with the transition. This business has demonstrated remarkable resilience and success. Possession is flexible, and serious inquiries are welcomed. A comprehensive chattel list is available for review, and financial details can be provided after the initial viewing, contingent upon the completion of a confidentiality agreement. Please be advised that the patio area is a separate property and is licensed under the existing LLBO license. Interested parties are encouraged to reach out to their REALTOR® for further details and to arrange a viewing. (id:39198)
Location
Province
Ontario
City
Southampton
Address
166 High Street W
Postal Code
N0H2L0
Location Highlights
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Listed by
Royal LePage D C Johnston 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
$939,000
Asking Price
$939,000
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
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Market Competition
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