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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$199,000
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 building located in downtown Vulcan. Very good street exposure. Owner has done many improvements to the property over the past several years including: new front window frames, door, and glass; all new lighting; new hardwood sub-floor and topped with commercial tile; two new high efficient furnaces; new hot water tank, new bathroom fixtures (his and hers bathrooms); new staff room cabinets and new kitchen sink. Recent repairs to the metal roof. Plumbing in the basement has be upgraded - no more cast-iron pipes. Parking are the rear of the building has been pea gravelled. This property is currently used as a fitness studio. There is also storage area on the main floor, as well as a staff room and his and hers bathrooms. Basement has large storage area, as well as large utility room. The recent improvements and modern paint help make this property ready for business and a great investment! (id:39198)
Location
Province
Alberta
City
Vulcan
Address
114 2 Av S
Postal Code
T0L2B0
Location Highlights
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Listed by
Magnuson Realty Ltd Alberta 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
3,441
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
$199,000
Asking Price
$199,000
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)
3,441
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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