Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,900
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
Located in the heart of Deseronto, Ontario, with views of the Bay of Quinte, this iconic tavern presents a unique commercial opportunity. With a well-established reputation in the local community, this property is a hidden gem waiting to be revitalized. Steeped in history, the tavern has been a local gathering place for years. Its prime location attracts a diverse clientele, offering a canvas rich with potential for the discerning entrepreneur. While the property requires some renovations, the distinct character of the tavern provides an ideal framework for transformation. Unlock the untapped potential within its walls and reimagine this space into a vibrant destination. Adding to the allure is the adjoining old hotel, presenting an additional income stream once renovated. This historic building could be revitalized to complement the tavern, creating a seamless experience for patrons, and expanding revenue opportunities. Seize the chance to breathe new life into this Deseronto landmark, tapping into the community's nostalgia while simultaneously paving the way for a revitalized, thriving commercial venture. The potential is boundless, making this offering a rare and promising investment opportunity. Book your showing today! (id:39198)
Location
Province
Ontario
City
Deseronto
Address
277 Main Street
Postal Code
K0K1X0
Location Highlights
N/A
Listed by
Exit Realty Acceleration Real Estate, Brokerage Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
3,600
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
$699,900
Asking Price
$699,900
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)
3,600
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
