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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,400,000
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
HIGHLY DESIRABLE 34 LOT PLAN OF SUBDIVISION. THIS IS PHASE 2 OF THE PLAN. PHASE ONE HAS 13 LOTS. PHASE 2 STARTS AT THE END OF THE PAVED ROAD NAMED BITTERSWEET DRIVE AND RUNS TO PETWORTH ROAD. ALL APPROVALS READY TO BE STAMPED. PRICED AT $75,000.00 PER LOT WITH UNDER $75,000.00 TO BE SPENT TO PUT IN DITCHING, SERVICE AND ROAD THIS PLAN OF SUBDIVISION ENDS UP UNDER $150,000.00 PER LOT. WITH UNDERGROUND ELECTRICITY AND FIBER OPTIC. EACH NEW LOT IS WORTH FROM $250,000.00 TO $300,000.00 RESALE. AFTER OVER 30 YEARS OF DEVELOPMENT AND BUILDING THE OWNER HAS DECIDED THEY WILL BUILD ON THE 12 AVAILABLE LOTS IN PHASE ONE AND SLOW DOWN. EXCELLENT LOCATION AND SOLID VALUE. (id:39198)
Location
Province
Ontario
City
Hartington
Address
0 Bittersweet Drive
Postal Code
K0H1W0
Location Highlights
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Listed by
Sutton Group-Masters Realty Inc 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
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
$2,400,000
Asking Price
$2,400,000
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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