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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,900,000
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
Have you ever had the dream of owning your own business with living accommodations above & fronting the Welland River in Chippawa? Now offering a fantastic location at the end of the Niagara River Parkway & close to Cummington Square. Welcome to the Riverside Tavern and Grill, licensed for 250 - This entire building has been gutted & rebuild in 2020. Main floor is a 6000 square foot restaurant with all new equipment for both the bar & kitchen. A second floor consisting of 11 rooms, 2- 3 piece bathrooms & a common kitchen that could be converted to an owners suite or a rental. This is a turn key operation with endless opportunities. Separate heat & air for each floor (residential & 2 for the commercial portion). Come in & check out the many TV's, live edge tables and bar, custom lighting & so much more! There is a large outdoor covered patio overlooking the water, as well as; a side patio for overflow with a separate area for a second bar & hosting outside concerts. (id:39198)
Location
Province
Ontario
City
Niagara Falls
Address
8163 Cummington Square E
Postal Code
L2G6W1
Location Highlights
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Listed by
RE/MAX NIAGARA REALTY LTD, 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
9,500
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
$2,900,000
Asking Price
$2,900,000
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.
N/A
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)
9,500
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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