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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,999,995
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
Fantastic opportunity in premier downtown location. Land, building & business for sale as one. Huge lot with two road frontages and loads of parking. Over 6700sf building housing succesful 'go-to' sports bar + four upstairs apartments + additional store front (currently used as storage). High profile landmark setting in Downtown Ridgeway prime shopping district. Adjacent to municipal parking. Numerous ongoing housing developments within walking distance. Central to shops, boutiques, services and attractions such as arts centre, micro-brewery, movie theatre, restaurants & cafes, Village Square, Friendship Trail, community centre & revitalized Crystal Beach tourism area. 20 mins to Niagara Falls, Peace Bridge & proposed South Niagara Hospital. Continue the tradition or make your mark with a unique redevelopment project. (id:39198)
Location
Province
Ontario
City
Ridgeway
Address
282 Ridge Road N
Postal Code
L0S1N0
Location Highlights
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Listed by
RIGHT AT HOME REALTY, 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
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
$1,999,995
Asking Price
$1,999,995
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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