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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,130,000
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
This almost 11 acre hobby farm featuring upgraded 3 stall barn and 2300 sqft character home is located in a serene area close to Fort Erie and Port Colborne. The barn was recently upgraded and will make your horses or ponies feel right at home! Improvements in the windows, rubber matting, water and hydro will make your animals feel cozy and happy. Character home features 3 bedrooms, 2 bathrooms and a beautiful great room with vaulted ceilings, gas fireplace and skylights. Bright kitchen with east and west facing windows to enjoy the sunshine. Concrete patio at the rear of the home and a wrap around porch on the front of the house give you options for outdoor enjoyment. (id:39198)
Location
Province
Ontario
City
Fort Erie
Address
5222 Old Garrison Road
Postal Code
L0S1N0
Location Highlights
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Listed by
COLDWELL BANKER MOMENTUM REALTY, BROKERAGE Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
2,699
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
N/A
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
N/A
Financial Information
Yearly Rate
$1,130,000
Asking Price
$1,130,000
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)
2,699
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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