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Suite of tools & services
Benefits
Asking Price
$300,000
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 with upper floor residence, on a main thoroughfare in the thriving town of Sundre, located approximately 100 km from Calgary and Red Deer. Main street of Sundre, a gateway to the recreational areas of the Rocky Mountains, just west of Centre Street is the 1 1/2 Storey building once known as Zims Mini Mart with a residence upstairs. Property main floor consists of 3165 sq. ft. with a combination of retail space and great storage. Property has ample parking. The residence with 1192 sq. ft. +/- of interior space on the second floor, is accessible from stairs at the rear of the building plus an unheated attached garage for the residence. The suite features one bedroom, office/laundry room, living room, kitchen & bathroom. The garage roof features a patio deck with metal railings accessed from the second floor suite. Note: This is a judicial listing. Plenty of opportunity with this property. (id:39198)
Location
Province
Alberta
City
Sundre
Address
205 Main Avenue W
Postal Code
T0M1X0
Location Highlights
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Listed by
Widmer Realty Ltd. Alberta 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
4,357
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
$300,000
Asking Price
$300,000
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)
4,357
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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