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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,900
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
Great Investment Property In Downtown Burk's Falls. 45 Mins N Of Gravenhurst Or S Of Northbay. About 22,000 Sft Of Commercial Mixed-Use Property. Operate Huge Pub W/Patio & Outdoor Space For Events, From W/O Bsmt. Gr Flr Retail Space Could Be Renovated Or Turn It Around Into **13 Hotel Suites. The 2nd & 3rd Flr Awaits Finishing **10 Appartment Units (**conceptual drawings available). Basement Pub Is Currently Leased. Build The Hotel & Apartments The Town Needs **** EXTRAS **** W/O Basement Restaurant/Pub With Existing Lease. Existing Furnace Etc. Huge Potential To Develop into hotel and renovate the main floor into multiple retail units to rent. Existing Conceptual Drawings Can Be Provided. (id:39198)
Location
Province
Ontario
City
Burks Falls
Address
198 Ontario St
Postal Code
P0A1C0
Location Highlights
N/A
Listed by
BEST ADVICE REALTY INC. Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
22,000
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Yearly Rate
$799,900
Asking Price
$799,900
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.
N/A
NOI
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
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
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
22,000
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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