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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,099,900
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
Live where you work! This is a rare opportunity to own a profitable turn-key business and house all-in-one. Discover a strategic investment in Listowel, Ontario, combining a spacious 2900 square foot house with the turn-key restaurant and the only fine dining option in town for 25 years. This house features a three-bedroom, 2-bathroom apartment with an ensuite bathroom in the main bedroom, a spacious living room, a sunroom, and a brand-new kitchen that provides a luxurious living space suitable for personal residence or lucrative rental income. Turn-key restaurant business: This thriving fine-dining establishment is all-inclusive for a seamless start, unmatched probability, and a high-traffic location—exclusive status as Listowel’s only fine-dining restaurant for 25 years. The prime location is on Main Street within a growing community. Celebrated by locals and known by destination diners, the prime location radius is 40 minutes from Kitchener, 40 minutes from Stratford, and 40 minutes from Kincardine. Investment highlights: Turn-key restaurant with a successful track record. Impeccably maintained property with recent upgrades. It is a prime location on Main Street in Listowel, Ontario, with a boasting population. NEW EXTRAS* kitchen suppression system. Fire alarm system. 8 x 5-foot walk-in with a new compressor. Kitchen, exhaust. Roof. Apartment. Kitchen. Upgraded fridges. Separate apartment for living or rental. This is an opportunity that you want to take advantage of. This property represents a rare chance to own a thriving business and a luxury residence in one, with a profitable fine-dining restaurant and well-appointed living space. It is an investment opportunity that must be considered. Opportunities like this do not happen often. Act now to make this unique opportunity and property your own. (id:39198)
Location
Province
Ontario
City
Listowel
Address
390 Main Street W
Postal Code
N4W1A4
Location Highlights
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Listed by
RE/MAX Real Estate Centre Inc Brokerage 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
3,034
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
$1,099,900
Asking Price
$1,099,900
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.
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Premises Size (square feet)
3,034
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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