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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$229,000
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
Build your dream home in the heart of Tobermory! This 76' x 165' cleared lot is in a perfect location: on a paved municipal dead end road, yet such a short drive or walk to the amenities Tobermory has to offer. Only a few minutes to water access down the road, the Chi-Cheemaun dock, shopping, restaurants and marina. This could be an amazing investment opportunity to build in an ever growing tourism town. New drilled well in 2022. Start building your dream today and enjoy summer of 2024 on the beautiful Bruce Peninsula! (id:39198)
Location
Province
Ontario
City
Tobermory
Address
131 Big Tub Road
Postal Code
N0H2R0
Location Highlights
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Listed by
SUTTON-SOUND REALTY INC. Brokerage (Owen Sound) 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
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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
$229,000
Asking Price
$229,000
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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