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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$395,000
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
Drastic price cut! Here's a one of a kind, turn key opportunity! You've spent months or even years looking for a church location and once you find it you have to secure the lease and spend months and hundreds of thousands of dollars in buildout. Not anymore! This church/place of worship is done and ready to go! Completely built out from top to bottom. See attachment for complete list of leasehold improvements. Take over the current lease, with 2 years remaining and negotiate a new lease with landlord after 2 years. Wired for cameras, monitors and projectors. Capability of displaying scriptures, songs and presentations. Updated washroom, updated kitchen, heated baptismal pool, network connections and storage areas. Check HD tour! (id:39198)
Location
Province
Ontario
City
Mississauga
Address
#1 -4060 Ridgeway Dr
Postal Code
L5L5X9
Location Highlights
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Listed by
RE/MAX REAL ESTATE CENTRE INC. 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
4,018
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
$395,000
Asking Price
$395,000
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)
4,018
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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