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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$149,000
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
PERFECT COMMERCIAL SPACE FOR AN OFFICE, STORAGE, BOUTIQUE RETAIL OR SMALL COFFEE SHOP OR MEETING AREA. SITUATED WITH WINDOW SPACE ON THE FRONT GROUND FLOOR OF A PROMINENT BUILDING IN DOWNTOWN PRESCOTT. ADD a bit of FLARE to your entry to attract your clients to the Door. YOU ARE CLOSE TO ALL DOWNTOWN AMENITIES, INCLUDING RESTAURANTS, BANKS, AND MAIL. CLOSE TO MAJOR TRANSPORTATION AND THE INTERNATIONAL BRIDGE. WELL MAINTAINED BUILDING. SUPERINTENDANT ON SITE. CONDO FEES INCLUDE WATER, SEWER, ELECTRIC, SNOW REMOVAL, GRASS CUTTING, ALL GENERAL MAINTENANCE, AND RESERVE FUND ALLOCATION. YOU ARE A SHORT WALK TO THE ST. LAWRENCE RIVER, DIVING SITES, ST. LAWRENCE SHAKESPEARE AND SUNDAY NIGHT CONCERT SERIES. PERHAPS IT'S TIME FOR A SCUBA SITE? GARBAGE BIN AND PICK UP TO SIDE, RAMP AND LOADING. (id:39198)
Location
Province
Ontario
City
Prescott
Address
235 Water Street W Unit#203
Postal Code
K0E1T0
Location Highlights
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Listed by
ROYAL LEPAGE TEAM REALTY 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
0
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
$149,000
Asking Price
$149,000
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)
0
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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