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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,279,900
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.
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Lot Size
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Building Size
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Premise Summary
Step into the heart of culinary excellence with this exceptional property, offering a 55-seat restaurant adorned with rustic wood walls and newly renovated washrooms, ensuring a delightful experience for patrons. Illuminate your space with the enchanting ambiance of pot lights, casting a subtle glow that enhances the rustic allure of the interiors. Delight in the allure of a separate bar area featuring a vaulted ceiling and stone walls, offering a charming ambiance for patrons to unwind and socialize, with its own separate entrance for hosting private events or expanding business horizons. Unleash culinary creativity in the spacious kitchen area equipped to accommodate ambitious culinary endeavors, ensuring seamless operations and efficiency in serving delectable dishes. Ascend to the upper level to discover a beautifully updated 2-bedroom apartment, complete with ensuite laundry facilities, perfect for residing or leasing out for additional income. Embrace the convenience of a live-work lifestyle, where the boundaries between personal and professional life seamlessly blend, offering the ultimate opportunity to thrive on your own terms. Seize this unparalleled opportunity and make your mark in the vibrant landscape of commercial real estate today! (id:39198)
Location
Province
Ontario
City
Rockwood
Address
262-270 Main Street South
Postal Code
N0B2K0
Location Highlights
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Listed by
RE/MAX Escarpment Realty Inc 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
2,980
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
N/A
Financial Information
Yearly Rate
$1,279,900
Asking Price
$1,279,900
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.
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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.
N/A
Premises Size (square feet)
2,980
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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