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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$455,000
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
One of Kenora's oldest buildings with plenty of updates! Located in a prime area of downtown Kenora. This well maintained commercial building is a fantastic investment opportunity! The main floor offers 1250 sq.ft. of space that is currently being used as a coffee shop. With 13ft ceilings, a loft overlooking the main floor, brick wall, exposed duct work and is tastefully decorated. The second level offers a one bedroom 1229sq.ft. suite with its' own separate entrance. Renovated, spacious, 13ft ceilings, exposed beams and is open concept. The lower level consists of a large open area great for storage that is partially finished and offers endless opportunities. *Both units currently leased until December 2030 (id:39198)
Location
Province
Ontario
City
Kenora
Address
210 Second St S
Postal Code
P9N1G2
Location Highlights
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Listed by
RE/MAX NORTHWEST REALTY LTD. 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
2,479
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
$455,000
Asking Price
$455,000
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)
2,479
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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Why this Marketplace was Created
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