Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,600,000
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
Attention Business Owners, Investors, And Developers! This Is a Prime Commercial/Residential Opportunity Located in The Ever-Evolving Two Rivers Area of Guelph. The Property, known as Klops Meat, Has A Loyal Clientele Built Over Many Years, But Its Owner Has Decided to Close This Chapter. Now Is the Time for You to Turn This Piece of Real Estate into Its Full Potential. With Approved Plans to Add Residential Dwellings. This Is a Unique Opportunity That You Should Not Miss. Please Inquire with The Listing Agent to Learn More About the Permit and Plans. This Key Corner Location Will Play a Significant Role in Shaping the Future Two Rivers (The Ward). **** EXTRAS **** The Owner Has Architectural Plans for The Addition of Two 2-Bedroom Apartments on Top of The Building. These Plans Were Approved by The City 15 Years Ago. It Is Recommended That the Buyer or Buyer's Agent Conduct Their Own Due Diligence. (id:39198)
Location
Province
Ontario
City
Guelph
Address
442 York Rd
Postal Code
N1E3H8
Location Highlights
N/A
Listed by
RE/MAX WEST REALTY INC. Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
3,823
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
$1,600,000
Asking Price
$1,600,000
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.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
3,823
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
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.
