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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$245,000
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
Commercial/residential building only (business is not for sale) ideally located on Highway 17 in the Town of Spanish, a tourist destination known for its marinas, fishing resorts, snow mobile trails and close proximity to parks. This is the perfect set up for a home-based business, and/or for use as a spacious rental property with retail/restaurant in the front. Currently being operated as North Channel Pizza, but you are limited only by your imagination as to what could become another thriving business along the Trans-Canada Highway! The building has seen many upgrades, including electrical, insulation, windows, exterior cladding and more. Don't miss an opportunity to live/work/play in a fabulous area of beautiful northern Ontario! (id:39198)
Location
Province
Ontario
City
Spanish
Address
101 Front Street
Postal Code
P0P2A0
Location Highlights
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Listed by
Claudine Bichette Real Estate Brokerage 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
2,100
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
$245,000
Asking Price
$245,000
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)
2,100
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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