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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,900
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
Welcome to Bistro 54, Perth, Ontario's first & only Italian Restaurant since 2005. Located in one of Canada's oldest & prettiest towns sits this beautiful 3 story stone building, built in 1858 by European masons. What you have with this incredible business & property is a turnkey, well maintained, upgraded, solid & well established business with over 8000 seated guests per year & a proven profitability formula. Three floors of renovated space totaling 2788 sq. ft., semi-finished basement 1050 sq. ft., containing HVAC, fresh pasta production, dry storage & walk in cooler. The main floor boasts old world charm through out the 32 seat dining room, service bar, open kitchen & unisex washroom. The second floor also has a 32 seat dining room, 2 washrooms, bar & rustic exposed rough hewn joists & rafters. The third floor is the onsite 1 bedroom residence. This is your opportunity to take over the reins, showcase your culinary talents to become the next generation. Possible VTB (id:39198)
Location
Province
Ontario
City
Perth
Address
54 Foster Street
Postal Code
K7H1S1
Location Highlights
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Listed by
ROYAL LEPAGE INTEGRITY 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
3,885
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
N/A
Financial Information
Yearly Rate
$799,900
Asking Price
$799,900
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.
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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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
3,885
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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