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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,295,000
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
Owners retiring, Land, Building, Apartment Residence and vert profitable Restaurant Business in Muskoka. The restaurant has a fabulous reputation, known for the best steaks in Muskoka, with 2 dining rooms and a pub with a seasonal serving deck. The kitchen is functionally efficient. The Sales and Profit trends from 3,200 sq. ft. restaurant licenced for 89 seats are very positive providing abundant income to the owners. The building located on highly visible 1.06 acres corner lot with high traffic and lots of parking space with a bonus large second floor 2-bedroom apartment with a view the lake for operator or staff. The clientele are visitors to Muskoka and Algonquin Park, affluent cottagers, and the local Huntsville and Lake of Bays communities. This is a turnkey business opportunity including sufficient experience staff to thrive. The property can be acquired for restaurant concepts or your creative entrepeneurial use. It is time for your own establishment! (id:39198)
Location
Province
Ontario
City
Huntsville
Address
2215 Highway 60 Highway
Postal Code
P1H2J6
Location Highlights
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Listed by
Re/Max Professionals North, Brokerage, Gravenhurst 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
4,324
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
$1,295,000
Asking Price
$1,295,000
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.
N/A
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)
4,324
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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