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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,499,000
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
Rare automotive unit! Zoning and condo corp allows for automotive and many other uses. This bright and clean shop could be your dream garage! 3 large drive in insulated doors, one is oversized at almost 12 feet high. Also included is a fenced in compound with the ownership of 3 parking spaces. plenty of customer parking available in the condos uniquely large lot. All this in a well managed and clean commercial plaza. And to top it off, there is a Tim Hortons on site! (VTB) Vendor take back financing available and floorplan available on request. **** EXTRAS **** 2 new insulated garage doors (2020) Epoxy floor (2020). Security camera system and alarm system included. Three, 2 post hoists, compressor, hard air lines, hose reels and 20 foot sea container may be available. (id:39198)
Location
Province
Ontario
City
Burlington
Address
#14 -3485 Harvester Rd
Postal Code
L7N3T3
Location Highlights
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Listed by
RIGHT AT HOME REALTY 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
2,300
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
$1,499,000
Asking Price
$1,499,000
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)
2,300
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
N/A
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