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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$750,000
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
Chatsworth_ Excelent low labour, great return, passive income business. 2 self serve carwash bays, 1 potential 18' X 22' detail/business/storage bay all with infloor heat. Car wash includes updated equipment including 2 vacuums, Vending machine, water softener, hot water tank, on demand water heater and air compressor. Also includes a antifreeze protection system, and security system with cameras. Additional income is from 56 storage units of various sizes including 7 in the main building and the balance in auxillary buildings. These units are 100% rented out. Own your oun part time business or supplement your retirement imcome. (id:39198)
Location
Province
Ontario
City
Chatsworth
Address
65 Mcnab Street
Postal Code
N0H1G0
Location Highlights
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Listed by
RE/MAX a-b Realty Ltd (Stfd) 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
2,720
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
$750,000
Asking Price
$750,000
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)
2,720
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
N/A
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