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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$7,250,000
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
Built in 2019 this high end finish building is 9609.94 sq ft and it sits on 1.008/acre in a highly visible sought after area off ECROW ( county rd 22)on the border of Lakeshore/Tecumseh. Currently operating as CPR DEPOT and BENTHIC SCUBA AND SNORKEL CENTRE. Property being sold as a package with both businesses and inventories and holding company for land and building. Contact the listing agents for details on purchasing just the business entities which is also an option. Details Pool area 51'2 x 35'5 with Class B scuba pool, 40 x 20 x 12 heated floors and gas radiant heat, auto cover, command centre room , retail showroom 39'10 x 58'9, 34' x 23' 9 showers washrooms change areas, 4 offices, staff kitchen, workshop, mechanical room, storage, office washrooms, 64 x 53' 5 warehouse with 16 ft cement loading dock, 50 amp plug and waterline for an RV site at back, 3 exterior heating and cooling combo units, 1 indoor gfa/ca. NON DISCLOSURE MUST BE SIGNED FOR FINANCIALS (id:39198)
Location
Province
Ontario
City
Lakeshore
Address
Croft
Postal Code
N8N2L9
Location Highlights
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Listed by
DEERBROOK 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
9,609
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
$7,250,000
Asking Price
$7,250,000
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)
9,609
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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