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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$155,000
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
The perfect place to relax and unwind! Get away from the hustle and the bustle of the city with this little slice of paradise just minutes from Cloud Bay on Lake Superior. A beautiful 3 acre property surrounded by nature, wildlife, and a serene creek flowing through the property. Several outbuildings have been developed over the years including a small bunkie with a loft, a sauna, storage sheds, a small garage with metal roof. (Note: this property is considered vacant land with no well or septic) (id:39198)
Location
Province
Ontario
City
Neebing
Address
Cloud Bay
Postal Code
P7L0A9
Location Highlights
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Listed by
RE/MAX GENERATIONS REALTY 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
$155,000
Asking Price
$155,000
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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