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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$349,000
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
Everyone knows the 3 most important things to consider when purchasing a home or specifically looking to start a business is, LOCATION, LOCATION, LOCATION. This property features that "in spades". Not only will you have the ultimate exposure from the highway but you will have bragging rights that you own a piece of High Level's history, a landmark building that was once home to the CIBC bank and the Post Office. One of the very unique features of this 3600 sq.ft. building, is the concrete "vault" where you can store all your valuable documents and rest assured, in the event of a fire (God forbid), they will be safe for at least 3 hours thanks to the steel door. There are 5 offices in the building, a newly renovated 1/2 bath in the back and a staff 1/2 bath in the office area. The coffee room has an ample amount of cabinet space for all your coffee needs and the front of the building is a bright, welcoming customer service area. At the back of the building, the electric 9' x 8' overhead door allows great ease when accepting deliveries. There is 3 phase power and as the building has been home to the printing press for The Echo since 1979? You know the building is solid. There is ample room for customer parking and room to expand the building, if you're looking for more space. The possibilities are endless. This just might be the opportunity you have been dreaming of. IT MUST BE NOTED, THE OWNER HAS ASKED THAT ALL BROKERAGES IN HIGH LEVEL HAVE THE OPPORTUNITY TO SELL THE PROPERTY. PLEASE FEEL FREE TO CONTACT CENTURY 21 @ 780-841-9590, M & M REAL ESTATE @ 780-926-5537 or REALTY ONE @ 780-841-5879 (id:39198)
Location
Province
Alberta
City
High Level
Address
10006 97 Street
Postal Code
T0H1Z0
Location Highlights
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Listed by
Century 21 Prime Realty (2002) Ltd. Alberta 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
3,600
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
$349,000
Asking Price
$349,000
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)
3,600
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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