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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,195,000
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
Seize the opportunity to own a thriving mechanics shop, meticulously operated by the current owner for over a decade. This business comes with a solid foundation—a loyal client base that has been cultivated through years of dedicated service. The package includes the building, land, and business, ensuring a comprehensive takeover for the new owner. Beyond the physical assets, the shop is fully equipped with essential chattels, and its operations are streamlined with a sophisticated computer database, enabling efficient tracking of warranty items and client history. Centrally located in the heart of the community, the shop location offers both accessibility and visibility, contributing to its continued success. The property itself is a testament to pride in ownership, characterized by its cleanliness and well-kept appearance. This isn't just a purchase; it's an opportunity to step into a turnkey operation with a proven track record. Ready to take the reins of this well-established venture? Have a walk through this property Via the iGuide Tour Link. (id:39198)
Location
Province
Ontario
City
Ridgeway
Address
208 Ridge Road N
Postal Code
L0S1N0
Location Highlights
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Listed by
ROYAL LEPAGE NRC REALTY 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
1,910
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
$1,195,000
Asking Price
$1,195,000
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)
1,910
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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Why this Marketplace was Created
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