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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$475,000
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
Main Street building in beautiful Downtown Napanee. Downtown is nestled on the shorelines of the Napanee River boasting character, charm, and history. Originally settled by the Loyalists in 1785. There is an abundance of businesses that make the location a great tourist attraction and a great resource for shopping/dining for locals. Enjoy a small-town quaintness with all the amenities including highway access and rail. Located centrally within 2 hrs (GTA), 30 Minutes (Prince Edward County), and 2 hrs (Ottawa). There are a total of 2 apartments & 2 storefronts which are all are currently rented. Updates to the building include the following: Back Stairs & Decking(2019), Furnace (2019), Roof (2021), Newer Appliances (2021) in residential units, Upgraded plumbing in selected areas(2019-2021), and Upgraded electrical in selected areas (2020 & 2021). Gross income is $46,370.88 with a net income of $33,345.26. Available upon request information regarding leases, floor plans, and a breakdown of expenses. The price does not include HST. (id:39198)
Location
Province
Ontario
City
Napanee
Address
19/21 Dundas Street Street Sw
Postal Code
K7R1Z3
Location Highlights
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Listed by
Re/Max Hallmark First Group Realty Ltd. Brokerage Ontario 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
2,471
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
$475,000
Asking Price
$475,000
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)
2,471
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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