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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$349,900
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
Good location in the heart of Carleton Place. Building and all appliances offered for Sale in AS-IS condition. Solid brick building with stone foundation. Roofing consists of part tin with tar coating and asphalt roofing with tar coating. Currently used as Laundromat operated by owner for past 39 years. Three residential units all on month to month tenancies. Plenty of parking and room for expansion of building. Lot measurements to be verified. Natural gas furnace heats all 4 units (landlord pays gas). Access to basement from laundromat. Older frame storage building at rear of lot. 48 Hour Notice Required for viewings. 24 Hour Irrevocable required on all offers. POTENTIAL for retail outlet if Buyer does not want to run the laundromat and there appears to be plenty of room on lot for additional units. (id:39198)
Location
Province
Ontario
City
Carleton Place
Address
100-104 High Street
Postal Code
K7C1W2
Location Highlights
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Listed by
COLDWELL BANKER HERITAGE WAY REALTY 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
2,576
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
$349,900
Asking Price
$349,900
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)
2,576
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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