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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,249,900
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
An amazing opportunity awaits in the heart of Scotland. The Field House Restaurant is a successful family run business that offers a quality dining experience along with a warm welcome. The business has been owned and operated by the same family that utilizes fresh ingredients to ensure the highest customer satisfaction. As you enter the restaurant, you will immediately notice the warm and inviting ambiance. In 2016, the building was completely renovated from the dining room area to the kitchen. There is a beautiful stone feature wall adjacent to the bar area that features a stunning black walnut counter space that is a focal point for the customers to gather around. The main dining room offers ample seating and a barn board feature wall. In 2021, part of the outdoor space was converted to an addition that is adjacent to the dining room which is perfect for smaller private functions. In the warmer months, there is a back patio with the ability to expand another patio out front. The large chef's kitchen allows for ample space for food prep and service. There is an abundance of storage space inside and out, two washrooms, all equipment is owned and the property offers ample parking for customers on a large 80ft by 165ft lot. There is ample opportunity to continue to grow and expand this already successful business. Located close to Brantford, you won't want to miss out on this amazing opportunity to own your own business and property in the growing community of Scotland. (id:39198)
Location
Province
Ontario
City
Scotland
Address
53 Simcoe Street
Postal Code
N0E1R0
Location Highlights
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Listed by
Revel 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
1,700
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
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
$1,249,900
Asking Price
$1,249,900
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.
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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)
1,700
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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