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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,550,000
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
N/A
Premise Summary
Attention all entrepreneurs, medical professionals, health care experts, beauty specialists, and wellness advisors! Prepare to be captivated by an extraordinary opportunity in the heart of Belleville's developing landscape. Welcome to your very own commercial real estate venture, ideally located just steps away from the Belleville Robert E. Ladoucier Transit Terminal an essential centralized transportation hub, providing seamless access to a variety of regional transit services. This prime location also offers close proximity to the farmers market and a vibrant downtown. Get ready to witness the unveiling of a remarkable building that holds endless possibilities. With its own exclusive parking area of 24 spots, accessibility is never a concern. Currently operating as a fully equipped restaurant on the main floor, complete with a professional kitchen, the stage is set for culinary excellence and exceptional hospitality. **** EXTRAS **** As You Ascend To The Upper Level, You'll Discover A Spacious Reception Area, Treatment Rooms, And A Yoga Studio. View The Video And The 3-D Tour. These Remarkable Tools Offer A Glimpse Into The Limitless Opportunities Awaiting You. (id:39198)
Location
Province
Ontario
City
Belleville
Address
116 Pinnacle St
Postal Code
K8N3A4
Location Highlights
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Listed by
ROYAL HERITAGE REALTY LTD. Ontario listing
Category
Property Information
Premise Status
N/A
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
9,680
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
$1,550,000
Asking Price
$1,550,000
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
9,680
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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