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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$649,000
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
""Investment Property"" Income Property, Commercial Renovated Building In The Heart Of Downtown Bancroft. This Building Is Currently Used As A Hair Salon and has A 2 Pc Bathroom. There Is Plumbing On The Main Floor To Add A 2nd Bathroom. There Is Also A Second Door On The Main Floor Behind The Wall. It Has 2 Apartments Upstairs With A Separate Entrance. A Spacious 3 Bedroom And A One Bedroom. Both Apartments Have A 3Pc Bathroom, New Fixtures, and Freshly Painted And New Laminate Floors. Apartments are rented out. The building has a New Metal Roof 2023. Renovations Were Done 2023. They Are On Separate Hydro Meters And Separate Water Meters. (id:39198)
Location
Province
Ontario
City
Bancroft
Address
105 Hastings St N
Postal Code
K0L1C0
Location Highlights
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Listed by
ROYAL LEPAGE CREDIT VALLEY REAL ESTATE 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
6,577
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
$649,000
Asking Price
$649,000
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.
N/A
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)
6,577
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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