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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$139,900
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
Spacious retail space in downtown core. Owner is retiring but selling land and building only. Presently used as a flower shop, this building offers a variety of commercial opportunities. 3 on-site parking spaces plus metered parking in front. Rear door to allow deliveries. Updated electrical service and gas forced air heat. Full basement. Excellent visibility and store front. Walk-in cooler and all chattels etc. remain with the building. (id:39198)
Location
Province
Ontario
City
Sault Ste. Marie
Address
179 Gore St
Postal Code
P6A1M4
Location Highlights
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Listed by
Royal LePage Northern Advantage 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
1,500
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
$139,900
Asking Price
$139,900
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.
N/A
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)
1,500
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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