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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,850,000
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
Introducing a prime commercial real estate opportunity! This spacious property boasts a generous floor plan with ample room for vehicle repair, painting, and maintenance. The building features high ceilings, large bay doors, and plenty of natural light, providing the perfect environment for working on cars and trucks. Located on one of Parry Sounds busiest streets providing plenty of foot and vehicle traffic. It offers ample parking for customers and employees alike, making it convenient for all. With multiple workstations and plenty of storage space, this property has everything you need to get started in the industry or take your existing business to the next level. Second half of the building is leased out to AAA tenant. Don't miss out on this incredible opportunity to own a prime commercial real estate property for your auto body shop! (id:39198)
Location
Province
Ontario
City
Parry Sound
Address
72 Bowes Street
Postal Code
P2A2L7
Location Highlights
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Listed by
Royal LePage Lakes Of Muskoka Realty, Brokerage, Huntsville - Centre Street 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
5,130
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
$1,850,000
Asking Price
$1,850,000
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)
5,130
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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