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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,380,000
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
Beautifully restored ('19) 15 Main Street East offers 7 unique rental rooms for short term stays on upper floor. 2 main street store fronts, with a concierge and town information centre, The Banded Goose Brewery & the Taphouse with a long term lease. (Banded Goose and Taphouse may be purchased separately and exclusive of the building MLS#23014485). Family owned & operated with long term employee base looking to remain. Profitable room rental income, food truck & lease from BGB offer multiple revenue streams. Call today to discuss this phenomenal opportunity to own & operate The Distinctive Inns of Kingsville on Main Street in the quaint downtown core of Kingsville. (id:39198)
Location
Province
Ontario
City
Kingsville
Address
15 A & B Main Street East
Postal Code
N9Y1A1
Location Highlights
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Listed by
JUMP REALTY INC. 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
0
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
$2,380,000
Asking Price
$2,380,000
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)
0
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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