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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$199,000
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
3.5 acre Island on Benson Lake. Known as Island 290. Lovely well treed island perfect for building. Plenty of great shoreline for swimming & boating. Newboro Lake chain offers boating through 6 lakes without going through a lock or you can boat the entire Rideau System. Prime property for off grid living. Adjacent Islands are also for sale. There is no road access or mainland parking. Boat access can be obtained from local Marinas. Taxes have not yet been assessed and are merely an estimate & must be calculated by the Township at the time of deed creation. This Island is a natural severance and therefore the island does not have it's own roll number it will be created by Township when Sellers lawyer creates deed. (id:39198)
Location
Province
Ontario
City
Westport
Address
290 Benson Lake Island
Postal Code
K0G1X0
Location Highlights
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Listed by
RIDEAU TOWN & COUNTRY 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
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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
$199,000
Asking Price
$199,000
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)
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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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