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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$999,900
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
Fantastic opportunity to own the building, land and a well established restaurant! As a bonus, there is a fully self-contained apartment on the second level but it could be rented or used as commercial office space. The Casa Blanca has operated for 12 years andis a fully licensed, eat-in/take-out restaurant. Casa Blanca has a large volume of sales and overwhelmingly positive reviews on Trip advisor etc. The restaurant has achieved its success by only opening 5 days a week. This is an opportunity to own a turnkey business or bring the business to the next level, building equity and wealth. It includes over 150K in equipment, chattels, and fixtures,seating for 28 people inside, a concrete patio and plenty of parking. Also, note that the oversize main floor and basement could allowfor a second restaurant. Financial statements and a list of chattels are available upon request. Located in one of the most importantand high traffic arteries of London. This is an area of major development. The potential of this property is endless. Request your private showing before it is sold! (id:39198)
Location
Province
Ontario
City
London
Address
1487 Dundas Street
Postal Code
N5W3B8
Location Highlights
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Listed by
SUTTON GROUP - SELECT 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
3,032
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
$999,900
Asking Price
$999,900
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)
3,032
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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