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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,500,000
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
Sophisticated luxury is best used to describe this private estate with just over 700 feet of Georgian Bay shoreline. Newly renovated with beautifully restored features, this spacious and private estate is located just south of Tobermory, ON, with access to the Bruce Trail from the property. A true nature lovers paradise. This property features limestone and hardwood floors throughout along with two beautiful wood burning fireplaces. Enjoy meals prepared in a spacious kitchen complete with commercial grade Garland appliances. The garage/shop adds an additional 1000 sq footage of useable space to park your toys or enjoy your hobbies. Currently operating as Sweetwater Bay Resort and being sold with all equipment and furnishings that could continue operating as an elite boutique hotel with dining capabilities for guests. Repairs and upgrades since 2020 include but are not limited to: slate “look” roof with a lifetime warranty, exterior siding and trim stained, new water systems including hot water tank, UV filters, all new furniture throughout, new washer/dryer, several new cedar decks. As well the pool has been sandblasted and painted and new plumbing installed. Many perennial gardens, waterfalls and ponds found throughout this stunning oasis. (id:39198)
Location
Province
Ontario
City
Tobermory
Address
201 Little Cove Road
Postal Code
N0H2R0
Location Highlights
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Listed by
CHESTNUT PARK REAL ESTATE LIMITED, BROKERAGE (TOBERMORY) 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
8,998
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
$5,500,000
Asking Price
$5,500,000
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)
8,998
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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