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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,000
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
Why rent when you can own! 120x110 foot lot zoned B with a 1,938 square foot shop, featuring 2 newer garage doors, newer roof shingles, fascia & eaves in 2020, approx half open shop area, 4 office/storage areas and 2 piece bathroom. In addition, there is a 1,043 square foot bungalow with 3 bedrooms, kitchen, living room, 4-piece bathroom and main floor laundry. House is rented for $1,800/month plus utilities. Yard is rented for $225/month and tenant looks after the snow plowing. Excellent parking on site for trucks, trailers, equipment, etc. Great central location close to Highway 7 & easy access to the 401. Bus stop at the end of the street. Zoning allows contractors yard, equipment supply and service, manufacturing, repair shop, tradesperson shop, trucking, warehouse and more. Roof on house was re-shingled in 2023, new deck in 2023 and furnace replaced in 2017. Opportunity for new owner to utilize the shop and collect income from the house, or rent out entire property. (id:39198)
Location
Province
Ontario
City
Guelph
Address
37 Wells Street
Postal Code
N1E6B7
Location Highlights
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Listed by
NAI Park Capital 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
2,981
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
$799,000
Asking Price
$799,000
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)
2,981
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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