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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,474,500
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
N/A
Building Size
N/A
Premise Summary
Welcome to this turn key equestrian centre. Located 30 minutes from Kingston, 2 hours from Ottawa, and 3 hours from Toronto. With two attached large barns and a 80 x 160 Megadome indoor arena with upper viewing area. There’s 23 box stalls, 12 with rubber matted cement floors, plus an additional standing stall. A handy stable manager, heated wash stall, lounge room with 2 piece bathroom, 2 tack rooms, and a private owner’s tack room. There’s a large feed room, a work shop, and shavings room that can accommodate bulk shavings and bagged shavings. With 10 electric fenced paddocks, 8 with shelters, there’s plenty of room for a number of horses. There’s a dry paddock for horses with health issues, a huge outdoor sand ring, and three attached hay fields with road entrances as well as a sugar bush. Tons of road frontage and privacy. The 2,400 sqft house has an indoor pool, hardwood and tile floors, and wooden ceilings. There’s 2+2 bedrooms, 2 full baths, and a powder room, large rec room, plenty of storage, and has been freshly painted. The basement has in floor heating, as does the pool room. You can see horses from pretty much every window, making this home rather peaceful. New LED lighting in barns and indoor riding ring Book your private tour today. (id:39198)
Location
Province
Ontario
City
Enterprise
Address
578 Brown Road
Postal Code
K0K1Z0
Location Highlights
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Listed by
Sutton Group-Masters Realty Inc 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
2,400
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
N/A
Current Owner - years
N/A
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
$1,474,500
Asking Price
$1,474,500
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
2,400
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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