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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$725,000
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 244-46 SIMCOE ST IN THE HEART OF AMHERSTBURG, A GREAT COMMERCIAL/RESIDENTIAL MIXED-USE PROPERTY INCLUDES AN EXISTING RUNNING RESTAURANT W/A 30-YEAR HIGH REPUTATION & MANY LOYAL CUSTOMERS. IT ALSO COMES W ABOUT 1 , 700 SQ. FT RESTAURANT SPACE, INCL A COMMERCIAL KITCHEN W FIRE SPRINKLERS, PLUS A LIQUOR LICENSE THAT CAN BE TRANSFERABLE. THE PPTY INCL AN ATTACHED 2 - STORY 3-BED RESIDENTIAL HOUSE. 4 BACK & 2 FRONT PARKING LOTS. A LARGE CORNER LOT AT SIMCOE & BROCK ST IN DOWNTOWN AMHERSTBURG W HIGH TRAFFIC. WALKING DISTANCE TO BRAND- NEW NORTH STAR HIGH SCHOOL WHICH WILL HAVE LOTS OF STUDENT CUSTOMERS COMING FOR LUNCH. IT IS ALSO CLOSE TO LIBRO CENTRE & 20 MIN TO WINDSOR. LESS THAN 10,000 S. F. GROSS BUILDING AREA(GBA). LAND, BUSINESS, COMMERCIAL UNIT & RESIDENTIAL UNIT SOLD TOGETHER. BUYERS NEED TO VERIFY THE ZONING OF THE PROPERTY W THE CITY. (id:39198)
Location
Province
Ontario
City
Amherstburg
Address
244-46 Simcoe
Postal Code
N9V1M7
Location Highlights
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Listed by
RE/MAX PREFERRED REALTY LTD. - 585 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
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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
$725,000
Asking Price
$725,000
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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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
