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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,495,000
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
Opportunity abounds with this unique property. We are only limited by our imagination, here are some examples of what you may be able to use this property for, all subject to zoning. A senior housing complex next to the church, church and land development based on the church's needs, possibly multi-unit use or subdividing the land to create several residential homes. There is city water on site and septic. Great 5 acre lot with the church that is strategically located close to amenities and beautiful beaches. Brand new septic tank and field and roof reshingled in 2022. (id:39198)
Location
Province
Nova Scotia
City
Cole Harbour
Address
50 Ritcey Court
Postal Code
B2W6J8
Location Highlights
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Listed by
Keller Williams Select Realty Nova Scotia 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
0
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
$1,495,000
Asking Price
$1,495,000
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)
0
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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