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Benefits
Asking Price
$300,000
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
Paradise PRIME: A Unique opportunity to develop prime Pond-view land into a dream project. Zoned commercial and located along the designated walking trails on the north shores of Neils Pond. For sale along with adjacent properties 1511 and 1515 Topsail Rd to create a wonderful 140' x 250' lot (.8 acres) Zoned Commercial, the possibilities are nearly endless. Retail, restaurants with or without drive-through, Hotels, Automotive, Medical, residential rentals or condos overlooking the pond and trail; It can like be built here. Walk the Trailway to get groceries, go to school, or sit at your favourite restaurant. Residential home on property currently rented for $1,000/mo/pou. (id:39198)
Location
Province
Newfoundland & Labrador
City
Paradise
Address
1509 Topsail Road
Postal Code
A1L1R2
Location Highlights
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Listed by
RE/MAX Realty Specialists Newfoundland & Labrador 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
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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
$300,000
Asking Price
$300,000
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)
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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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