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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,900
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
Incredible opportunity to operate your business at this great location. Located only a 1 minute drive from the downtown core of Perth and a direct route to Hwy 15 this property has plenty of visibility for a business. The building on the property is already set up with a reception area, office, storage and a kitchenette/lounge area as well as additional insulated storage at the back of the building. There are 3 bay doors at the back than can be accessible again. There is plenty of parking for staff and customers. Zoning for this property allows a long list of permitted uses from auto body, auto repair, commercial garage, custom workshop, transportation depot or truck terminal, commercial kennel and more. The adjacent serviceable lot is being sold with this property as a package and has the same zoning & permitted uses. This vacant lot provides you with even more space for additional parking for a fleet of vehicles & maybe some additional buildings for storage etc. Don't missing out on this amazing opportunity to own both properties for your new or existing business. A full list of permitted uses is available. (id:39198)
Location
Province
Ontario
City
Perth
Address
North
Postal Code
K7H2S3
Location Highlights
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Listed by
ROYAL LEPAGE INTEGRITY REALTY 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
1,200
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
$799,900
Asking Price
$799,900
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)
1,200
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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