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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,150,000
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 INVESTMENT OPPORUNITY!! With over 3000 sq ft this downtown mixed-use building presents many opportunities as it’s currently run as Welland's renowned salon and spa - with a rich history in the beauty industry for over 20 years. Ideally set up for those looking to expand their medical aesthetics' business with an opportunity to run your business and have income on the side with a spacious 2-bedroom apartment in the lower level. Conveniently located on West Main St. off the 406 Hwy and equipped with a parking lot for approx. for 11 cars. Recent updates include exterior painting, new eaves troughs, upper balcony rebuild and boiler in 2022. (id:39198)
Location
Province
Ontario
City
Welland
Address
172 West Main Street
Postal Code
L3C5A2
Location Highlights
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Listed by
RE/MAX NIAGARA REALTY LTD, BROKERAGE 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
3,058
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
$1,150,000
Asking Price
$1,150,000
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)
3,058
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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