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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$750,000
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
Prime location at the very corner of Front Street and Albert Street in downtown Thorold. This all-brick, 3,600 sq. ft., 2-storey commercial building currently has a restaurant occupying the entire main floor and basement and three residential, 1-bedroom apartments on the second floor. ALL tenant's are month-to-month with no leases in place so many possibilities exist. Separate hydro meters for all units, one gas meter for building. Easy access to Highway 58 and Highway 406. Free public parking in close proximity to property. Being sold as-is. Priced well below appraisal value. (id:39198)
Location
Province
Ontario
City
Thorold
Address
6 Albert Street W
Postal Code
L2V1X3
Location Highlights
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Listed by
REVEL Realty Inc., 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
3,600
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
$750,000
Asking Price
$750,000
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)
3,600
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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