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Benefits
Asking Price
$474,990
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 commercial location for sale in downtown Wiarton! If you’re looking to build your investment portfolio, look no further than this commercial building at the heart of a fast-growing waterfront town. Located on Berford Street/Highway 6, Wiarton, this property is one of the few commercial buildings on the main street with a pull-in parking lot, giving customers easy access to business! Currently leased by New Orleans Pizza and a vacant unit, this is a solid building in a great and busy location. Plus, the vacant unit has been recently renovated! Don’t miss this opportunity to purchase a commercial property at the centre of a budding tourist town. (id:39198)
Location
Province
Ontario
City
Wiarton
Address
637 Berford Street
Postal Code
N0T2T0
Location Highlights
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Listed by
KELLER WILLIAMS REALTY CENTRES, BROKERAGE (OWEN SOUND) 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
2,800
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
$474,990
Asking Price
$474,990
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)
2,800
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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