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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,999,000
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
This luxurious 7 unit property was once the bank of Toronto circ 1922. This classic landmark building is located at the main corner of Brockville downtown. Every aspect of this building was rebuilt in 2019 with the exception of its exterior walls. An opportunity that runs itself with great performance. This property has an annual NOI of ˜$200k. Detailed financials are available with a signed NDA. Reach out today to learn more about a business venture ready to be seamlessly taken over. (id:39198)
Location
Province
Ontario
City
Brockville
Address
48 King Street West Street
Postal Code
K6V3P6
Location Highlights
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Listed by
eXp Realty, 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
7,168
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
$2,999,000
Asking Price
$2,999,000
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)
7,168
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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