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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,299,000
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
An Incredible Chance For A Multi-Stream Investment Awaits In York Region!! The Property Includes A Seven-Bay Self-Serve Coin Car Wash Featuring Two Truck Wash Bays, An Income Generating Laundromat, A Leased Commercial Restaurant, Five Leased Residential Units (All 1Bedroom), Plus One Leased Detailing & One Leased Storage Unit. Clean Phase 2 Esa (2018) On File. Offered At a Good Cap Rate. Minimal Hand-On Requirements From Owner. Great Income Opportunity!! **** EXTRAS **** Mark 7 With Vid Drive Powered System For Auto Wash, High Pressured Fresh Water System. Remote Monitored Payment System In Select Bays. (id:39198)
Location
Province
Ontario
City
Newmarket
Address
17-25 Alexander Rd
Postal Code
L3Y3J2
Location Highlights
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Listed by
RE/MAX WEST REALTY INC. 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
19,202
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
$3,299,000
Asking Price
$3,299,000
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)
19,202
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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