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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,875,000
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
N/A
Building Size
N/A
Premise Summary
Investment Opportunity: Pub with Cafe Space, Apartments, and Tavern in Elmvale, Ontario Don't miss the chance to own a thriving establishment renowned for its bustling atmosphere and prime location in Elmvale, Ontario. This incredible property offers a Pub, Cafe Space, and 3 Apartments, presenting an attractive investment opportunity in a high-traffic area. Cafe Space: Currently rented out and tenant is willing to stay. The Cafe features a delectable menu, highlighted by Lobster and Steak specialties. 3 apartments on-site, providing steady rental income. Palace Tavern (Bar): Fully equipped tavern included in the sale. Hosts popular Jam Nights every Thursday evening, drawing in a diverse crowd. Ample parking located at the rear of the property. During the summer months, patrons can enjoy the outdoor patio in the back. This comprehensive property offers a rare opportunity to own a versatile establishment in a thriving community. Whether you're looking to expand your investment portfolio or embark on a new business venture, this property promises both financial reward and potential for growth. Contact us today to seize this exciting opportunity! (id:39198)
Location
Province
Ontario
City
Elmvale
Address
13 Queen Street W
Postal Code
L0L1P0
Location Highlights
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Listed by
Royal LePage Real Estate Services Ltd., (Unit B) Brokerage Ontario listing
Category
Property Information
Premise Status
N/A
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
3,500
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
$2,875,000
Asking Price
$2,875,000
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.
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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.
N/A
Premises Size (square feet)
3,500
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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