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Benefits
Asking Price
$1,470,000
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
Highway Turnkey Restaurant/residential property for sale .This exceptional highway income property offers 5,000 sq ft of space on a 150x150 foot lot, strategically located on Highway 27, close to rapidly growing areas of Schomberg, Bond Head, Bradford and Tottenham, with convenient access to Hwy 400 and Bradford. Zoned for both commercial and residential use, the property features a fully equipped restaurant, operated as the well-known 1812 Grill House. Over $500k in recent renovations, the restaurant includes a 135-seat indoor dining area, a 40-seat outdoor patio, and a large outdoor event space that accommodates 200 guests, The property also features 4 residential apartments with bathrooms with a separate entrance, ideal for staff accommodations or additional rental income. The property has a separate food stand separate from main restaurant the excellent opportunities for further business growth and additional income. This is a prime investment opportunity to own a turnkey restaurant, located in a thriving area with increasing traffic and development. **** EXTRAS **** The restaurant generates $40k-$50k monthly. There is also an option to lease the property. Brand new Roof (id:39198)
Location
Province
Ontario
City
Bradford West Gwillimbury
Address
1812 Simcoe County Rd 27
Postal Code
L0G1T0
Location Highlights
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Listed by
KELLER WILLIAMS ADVANTAGE REALTY 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
5,000
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
$1,470,000
Asking Price
$1,470,000
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)
5,000
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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