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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,300,000
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
The Olde Heidelberg Restaurant, Tavern & Motel and 4 Bedroom home in Heidelberg. Established in 1860 this is a very profitable restaurant & Tavern (7,826 SF on two floors plus basement) with a separate 16 unit motel and attached 4 (3+1) bedroom dwelling on 1.97 acres (Corner lot). Located in the village of Heidelberg only 3 minutes from Waterloo with ample on site parking. New septic system which was installed 2 years ago at approximately $300,000. New roof. All kitchen and restaurant equipment included. https://www.oldhh.com/ Please do not go direct. (id:39198)
Location
Province
Ontario
City
Heidelberg
Address
3006-3018 Lobsinger Line
Postal Code
N0B1Y0
Location Highlights
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Listed by
COLDWELL BANKER PETER BENNINGER REALTY 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
7,826
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
$2,300,000
Asking Price
$2,300,000
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)
7,826
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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