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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$375,000
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 Knocks! This commercial building is located on Portage Bay, Lake of the Woods. The main floor was operated as a pub, "The Lakeshore," for decades. The second and third floors have been mainly opened up for future development. Each floor is approximately 3000 square feet. The property also includes an outside terrace that is 2200 square feet in size and has glass railings that look out over the lake. There are engineered site plans to convert the upper two levels of the hotel into eight suites if this is the route you choose, as the possibilities are endless. The suites will consist of two two-bedroom suites and four one-bedroom suites, two of which will have bunk rooms. There are a total of four studio suites available, each of which features a fully equipped kitchen as well as a private bathroom. The lake may be seen from the spacious balconies of six of the eight suites and during the winter months the property is accessible from the main snowmobile trail right out front. This business can be much more prosperous with a clear vision and a new buyer with the drive to complete the plan already provided! (id:39198)
Location
Province
Ontario
City
Keewatin
Address
103 Wharf St
Postal Code
P0X1C0
Location Highlights
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Listed by
RE/MAX NORTHWEST REALTY LTD. 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
8,885
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
N/A
Financial Information
Yearly Rate
$375,000
Asking Price
$375,000
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.
N/A
Premises Size (square feet)
8,885
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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