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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$995,000
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
Opportunity awaits with this 4.34 acre lot and two shops for sale in Grimshaw. The main shop is 8400 square feet and has 2 drive through bays. It also has 4 large offices, a big reception area, bathroom and a conference room on the main floor. There is a second floor mezzanine for storage or future office space. The shop features its own bathroom and mechanics pit. The second shop is 2500 square feet and is located across the yard from the main shop. All of this is fenced with rolling gates and is just off the main highway that passes through Grimshaw giving you easy access for your equipment and trucks. Use one shop and rent out the other or use them both if you need the space. Plus all of the yard space is a bonus. Call today to find out more. (id:39198)
Location
Province
Alberta
City
Grimshaw
Address
5502 57 Avenue
Postal Code
T0H1W0
Location Highlights
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Listed by
RE/MAX Northern Realty Alberta 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
13,000
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
$995,000
Asking Price
$995,000
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)
13,000
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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