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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,150,000
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
Downtown central business district (D1) Zone, with a lot of permitted uses. Solid 2stry brick and block building with full basement approximate 1650 sqft each floor. 2 entrances on each floor. Total 4 washrooms, 2(2nd flr) 1(main flr). 1(basement). Property is in very good condition & backs onto tons of municipality parking. Recent Upgrades including: New flat Roof, -2019; 3 New Windows, -2019; New Hot Water Tank, - 2016. **** EXTRAS **** Funded in 2002, long established famous Liu Liu Hot Pot restaurant at main floor (60 seats) and second floor (60 seats); KARAOKE at basement (30 seat). All Liquor Licensed. Existing chattels negotiable. Owner retired. Excellent opportunity! (id:39198)
Location
Province
Ontario
City
Hamilton
Address
11 Walnut Street S
Postal Code
L8N2K8
Location Highlights
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Listed by
RE/MAX ESCARPMENT 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
3,300
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
$1,150,000
Asking Price
$1,150,000
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)
3,300
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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