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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,250,000
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
Presenting 7891 Portage Road, a remarkable commercial property ideally situated on one of Niagara Falls' busiest streets, and only steps away from Marineland. With TC zoning, this versatile space offers endless possibilities for entrepreneurs. Imagine the potential of a turnkey restaurant, cherished by locals for decades, ready to continue its legacy of serving the ever-growing community. The restaurant is complemented with a stunning patio with seating to accommodate an additional 20 people. The separate beer garden, complete with an out-building featuring a server station setup, could effortlessly transform into its own outdoor bar, enhancing the atmosphere and entertainment options for guests. This space is the perfect event space, or outdoor bar, offering a stage for performances, firepits and picnic tables providing the ideal summer patio vibe. Being located only 5 minutes from Niagara Falls and Clifton Hill, fronting 3 streets, this turn-key commercial property is a rare opportunity to become a part of Niagara Falls’ vibrant hospitality scene in one of Niagara’s best locations. Explore he endless possibilities of this magnificent property today. (id:39198)
Location
Province
Ontario
City
Niagara Falls
Address
7891 Portage Road
Postal Code
L2G5Y7
Location Highlights
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Listed by
BOLDT REALTY INC., 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
1,740
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
$1,250,000
Asking Price
$1,250,000
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)
1,740
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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