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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,650,000
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
Restaurant/Retail mixed use building with spacious one bedroom and den apartment on second floor located next to Kitchener Farmers' Market. Main floor approximately 1,487 SF plus basement and apartment approximately 1,124 SF. High traffic location close to all amenities and bus routes. On-site parking. Patio. Fridge, stove, washer, dryer and restaurant equipment included in purchase price including two kitchen hoods. New windows 2022. Roof 2016. Building to be sold vacant. (id:39198)
Location
Province
Ontario
City
Kitchener
Address
47 Scott Street
Postal Code
N2H2P9
Location Highlights
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Listed by
COLDWELL BANKER PETER BENNINGER 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
2,611
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
$1,650,000
Asking Price
$1,650,000
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)
2,611
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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