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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,095,000
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 Buck’s Lodge & Grill, a charming fully turnkey business opportunity located in the picturesque setting of Restoule Ontario. This property boasts 5 rental suites, a restaurant & bar, is conveniently located and shows good numbers. The charming restaurant & bar is completely ready to open the doors under new ownership. The 1,600 sq ft lower-level accommodations features 3 bedrooms, large open concept living room, pool table and kitchen, which is ideal for multi-family or large group rentals. In addition to 4 other rental units there is a thriving restaurant popular amongst locals and visitors seeking a delightful dining experience. In the summer months business is booming with fishermen and families enjoying the nearby lakes and Restoule Provincial Park with several stunning hiking trails. In the winter months Buck’s Lodge & Grill is enjoyed by snowmobilers seeking a cozy atmosphere and a hot meal. Whether you're looking to expand your hospitality portfolio or fulfill your dream of owning your own business, Buck’s Lodge & Grill presents an enticing opportunity to thrive in a peaceful setting. Don’t miss the chance to make this your own and become a part of this charming community. Discover the potential that Buck’s Lodge & Grill holds for your next business venture! (id:39198)
Location
Province
Ontario
City
Restoule
Address
7044 Hwy 534
Postal Code
P0H2R0
Location Highlights
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Listed by
Royal LePage Northern Life Realty, Brokerage Ontario listing
Category
Property Information
Premise Status
N/A
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
7,137
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
$1,095,000
Asking Price
$1,095,000
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
7,137
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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