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Hospitality Property For Sale at 547 WILSON Street in Hamilton, Ontario

4 Sale ID #341856
Archived 07 Feb 2025

Asking Price

$899,900

Cap Rate help 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

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Building Size

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Premise Summary

: Attention Investors! Well established restaurant business for over 40 years, all equipment and chattels plus a 2 storey brick home at 81 sanford included in purchase price. Home is currently rented at $1200/month. Home requires 48 hrs notice for showings, Restaurant 2 hours notice. Turn key operation. Separate hydro and gas meters for home and restaurant. Seller has made many improvements since possession. Extremely busy lunch period due to loyal clientele and the close proximity to a high school. Great corner property exposure. Don't miss out! Lot size description is irregular 57.62ft x 95.94ft x 83.70ft x 26.05ft x 25.59ft x 26.05ft x 70.14ft (id:39198)

  • MLS® : #40686684
  • Date Listed : 02 Jan 2025

Location

Province

Ontario

City

Hamilton

Address

547 Wilson Street

Postal Code

L8L1T6

Location Highlights

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Listed by

Keller Williams Complete Realty Ontario listing

Category

hospitality-properties

Property Information

Premise Status

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With Accommodation

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Tenancy

N/A

Lot Size

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Available Space

N/A

Building Size

2,750

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 help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$899,900

Asking Price

$899,900

Cap Rate help 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 help 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 help 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 help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

2,750

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

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