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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,000
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
Prime commercial property available in the bustling center of Picton. This well-established restaurant boasts years of operation with a steady local customer base and significant tourist visitation. The rear parking area offers the potential for an enchanting hidden patio. Situated on Picton Main Street, which experiences some of the highest pedestrian traffic in the County, this restaurant is ideally positioned for your new business and unforgettable dining experiences. It includes a fully equipped kitchen, two walk-in freezers, and additional room for growth. With an LLBO license for 96 customers, this opportunity is one you won't want to pass up! **** EXTRAS **** The property includes a five-unit freestanding storage building at the back, which is rented out for approximately $600 per month, providing an additional income of $7,200 per year for your business. (id:39198)
Location
Province
Ontario
City
Prince Edward
Address
155 Picton Main St
Postal Code
K0K2T0
Location Highlights
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Listed by
CENTURY 21 LANTHORN REAL ESTATE LTD. 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
0
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
$799,000
Asking Price
$799,000
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)
0
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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