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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$997,500
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
Historic original red brick one room school house with tin ceiling and woodwork, presently used as a Culinary School. Updates to property since 2018 include: septic (capacity for 50 people), hi-eff propane forced air furnace, propane hot water heater (power vented); foundation wrapped with Delta wrap and sump pump installed, all windows and exterior doors (including firedoors), 400 amp panel, new stack 2019, new well (106' deep)(2018), softener and UV light. Repaired Bell tower, gutted and insulated attic and installed proper fire walls. All fire hood shave fire suppression installed. Upper level features original decorative tin ceilings and pine floors , cooking/teahcing area, prep kitchen and 2-2pc washrooms. Basement level features meeting area, 4pc bath, laundry and offices. Zoning is Agricultural and Institutional. Property is situated on 1 acre on busy paved road with good visibility and ample on-site parking. (id:39198)
Location
Province
Ontario
City
Ayr
Address
5183 Trussler Road
Postal Code
N0B1E0
Location Highlights
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Listed by
Hewitt Jancsar Realty Ltd. 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
2,810
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
$997,500
Asking Price
$997,500
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)
2,810
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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