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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$925,000
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
High traffic corner located 250 yards from the Trans Canada Highway #1 in New Haven, great high visibility. This property has served the community well for over 75 years as Newman's Garage up until September 2024. This location has successfully served thousands of clients automotive needs as well as heavy equipment repairs. The building features 4 work bays: 2 with pits, 1 with hoist and a 2019 addition of 32'x58' to allow space to work on larger vehicles, three phase power; reception and office areas, storage and washroom. All tools and equipment included. Additional 3.21 acres of commercial land beside and behind the property can be made available, at an additional price. No PDS, property being sold ?as is where is?. (id:39198)
Location
Province
Prince Edward Island
City
New Haven
Address
46 Boyle Road
Postal Code
C0A1H4
Location Highlights
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Listed by
EXIT Realty PEI Prince Edward Island listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
4,071
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
$925,000
Asking Price
$925,000
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)
4,071
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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