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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,999,000
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
12,000 s.f. well maintained 23 room retirement home/rooming house or convert to daycare or school use for sale/lease with groomed landscaping, house and residence home. Retirement home operated for the past 10+ years. Currently Vacant. Built in 1962 with block and cement flooring with renovations most recently completed in 2023. Residents main building is 8600 sq. ft. with attached 2 unit duplex (House) 3400 sq. ft., currently vacant. 25 private rooms, livingroom, kitchen, multiple washrooms, office, laundry room. Bonus attached house with 2 full additional living quarters. Nicely situated on large lot overlooking Georgian Bay. Close to Village Square Mall, St Ann's Church, the Penetanguishene legion and the Main Street amenities. (id:39198)
Location
Province
Ontario
City
Penetanguishene
Address
39 Poyntz Street
Postal Code
L9M1N5
Location Highlights
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Listed by
Ed Lowe Limited 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
12,000
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
$1,999,000
Asking Price
$1,999,000
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)
12,000
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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