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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$120,000
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
OPPORTUNITY AWAITS!! Sitting on nearly an acre of OCEAN VIEW property in Newman's Cove, NL. Formerly operated as a grocery store, this building is now only limited by your imagination. A new commercial or wholesale business, an apartment building, a fitness facility or maybe you want to make this your private residence with a million dollar view with spectacular sunsets. Located just 10km from Historic Bonavista and a short drive to many tourist sites such as the puffin site and root cellars in Elliston, Historic Port Union, the sea arches in Tickle Cove and beautiful Kings cove and surrounding area. Property has an artesian well on site that is currently disconnected, large paved parking lot, 200 Amp electrical panel, concrete foundation, and accessible crawl space. This property is being offered "AS IS" (id:39198)
Location
Province
Newfoundland & Labrador
City
Newmans Cove
Address
0 Main Route 235 Highway
Postal Code
A0C2A0
Location Highlights
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Listed by
EXIT Realty ShoreLine Newfoundland & Labrador 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
3,000
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
$120,000
Asking Price
$120,000
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)
3,000
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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