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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,900,000
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
Fabulous Historical lot in king city,Located in High Demand Area of king city,Free standing Multi-mixed used,Close to shops,Schools,Public Transportation and A Lot More Amenities,Currently is Used As A Church ,Spacious 2ND Floor Mezzanine.Former Baptist church Build 1873.Property is listed on township Heritage register ,please contact township heritage planner for further information. **** EXTRAS **** Approx 1574 SF Ground floor , Approx 900 SF Mezzanine.Zoning allows Bake shop, child care centre, clinic,office,Restaurant,Retails store and more. (id:39198)
Location
Province
Ontario
City
King
Address
2183 King Rd
Postal Code
L7B1G3
Location Highlights
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Listed by
ENTERHOME 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
2,474
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
$1,900,000
Asking Price
$1,900,000
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)
2,474
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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