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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$798,000
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
Excellent Opportunity To Own A Retail/Multi Unit Building In The Heart Of Vibrant Downtown London. All 4 Rented Apartments Have Been Extensively Renovated With An Open Retail Space On Ground Floor. Hassle Free Investment With An On-Call Handy Man Nearby. Full Additional Basement For Retail Storage And Upgraded Mechanical/Electrical Systems. Few Expenses W/Tenants Paying Hydro And Electrical Heat.Via Rail Station. **** EXTRAS **** 4 Fridges/Stoves.Hot Water Tanks (R), Retail Gas Furnace,A/C, Washer/Dryer,Video Security, Wifi,Newer Roof. Major Developments In The Area And About 15 Minutes To Western. Hands-Free (id:39198)
Location
Province
Ontario
City
London
Address
344 Richmond St
Postal Code
N6A3C3
Location Highlights
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Listed by
RIGHT AT HOME REALTY Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
3,560
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
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
N/A
Financial Information
Yearly Rate
$798,000
Asking Price
$798,000
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)
3,560
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
