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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,900,000
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
Welcome to 55 Mark av in Moncton. Site was formerly used as an activity center hosting many activities as in Bingo, weddings, receptions, and dances. The establishment has on site an area for a kitchen, a bar, a canteen and many offices. This could be a perfect location to build affordable housing. Centrally located and almost 1.4 acres. Call your REALTOR® today to discuss the possibilities ! (id:39198)
Location
Province
New Brunswick
City
Moncton
Address
55 Mark Ave
Postal Code
E1C7G8
Location Highlights
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Listed by
Keller Williams Capital Realty New Brunswick 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
11,250
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
$2,900,000
Asking Price
$2,900,000
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)
11,250
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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