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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,100,000
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
Excellent location in the city of St. Thomas, located in industrial park less then one kilometer from the future home of Volkswagen EV Battery Plant. This modern one floor building featuring 10,399 sq ft on 1.28 acre lot. Three phase electric service. This one floor building constructed in 1990, consisting of three large commercial/industrial areas, 8 offices, boardroom, 4 washrooms, staff locker and lunch room, 4 stockrooms, storage area and 2 fenced compounds, ample parking, just under 1 acre of open spaces for future development or possible severance. (id:39198)
Location
Province
Ontario
City
St. Thomas
Address
81 Harper Road
Postal Code
N5P4E5
Location Highlights
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Listed by
RE/MAX CENTRE CITY REALTY INC. 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
10,399
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
$2,100,000
Asking Price
$2,100,000
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)
10,399
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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