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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$70,000
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
New to the market in Desable are 4 cleared building lots with road frontage on Rte 19. Located very close to Argyle Shore Provincial Park, the Northumberland Strait beaches & 20 minutes to the Charlottetown Airport. Lot 1 is 38,400 sqft (.88 acre). Lot 2 is 45,900 sqft (1.05 acre) $83,700. Lot 19 is 36,900 sqft (.85 acre) $68,000. Lot 20 is 44,500 sqft (1.02 acre) $81,100. Future development plans show subdivision plans with road access to the shore. Offer will be subject to land being subdivided before closing at vendors cost. Covenants will be in place to protect your investment which will include that all lots must have underground electrical only. HST is applicable. (id:39198)
Location
Province
Prince Edward Island
City
Desable
Address
Lot 1 Route 19
Postal Code
C0A1C0
Location Highlights
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Listed by
KELLER WILLIAMS SELECT REALTY Prince Edward Island 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
$70,000
Asking Price
$70,000
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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