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Benefits
Asking Price
$1,150,000
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 an extraordinary historic gem situated in the heart of downtown Stayner. With over 3,500 sq ft of space, this exceptional property offers a unique blend of commercial & residential possibilities, making it a remarkable investment opportunity. Currently gracing the main floor of this historic building is a thriving restaurant, known for its popularity among locals & visitors. W/ seating for 52, the restaurant is turnkey & fully furnished. The custom bar adds a touch of sophistication and is perfect for hosting parties and special events, ensuring a steady stream of customers. Fully-equipped kitchen is a chef's dream, with an impressive 11ft hood with a fire suppression system, 2 fryers, a refrigerated salad table, a garland griddle, gas stove, walk-in fridge, commercial dishwasher & more. State-of-the-art kitchen provides the perfect foundation for culinary excellence, making it ideal for aspiring restaurateurs. As an added bonus, the upper level of this historic building has undergone extensive renovations, offering a spacious 3-bd, 2-bath apartment. Restaurant owner could live steps from work or the apartment could provide a steady stream of income. The current restaurant business is also available for purchase, w/ the option for the owners to stay on & provide training. Convenience is key w/ a 1.5-car garage located at the rear of the lot, providing ample parking space. Furthermore, the surrounding area is experiencing significant growth, w/ 1,145+ new homes currently under construction just 7 mins away. Stayner is one of the fastest-growing areas in Simcoe County, w/ exciting prospects for the future, including a redevelopment plan for the downtown area. Don't miss this extraordinary opportunity to own a piece of history & secure your place in the vibrant & thriving community of Stayner. Whether you're looking for a profitable business venture or a unique residential investment, this property has it all. Vacant possession available for whole building. (id:39198)
Location
Province
Ontario
City
Stayner
Address
7304 26 Highway
Postal Code
L0M1S0
Location Highlights
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Listed by
Royal LePage Locations North (Collingwood Unit B) 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
3,467
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
$1,150,000
Asking Price
$1,150,000
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)
3,467
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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