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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$749,900
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
Great opportunity to own and operate a successful family turnkey business in Eastern Ontario cottage country! Potential for a live/work complete with 1 bedroom apartment, which can be rented out for additional income. Full service general store with a short order kitchen, gas pumps and a lease component currently under contract to the LCBO. The only general store for Miles around! Close to snowmobile trails, hunting areas and many cottage lakes. If becoming an entrepreneur or expanding your portfolio is something you've been thinking about, this is the investment for you! (id:39198)
Location
Province
Ontario
City
Addington Highlands
Address
22353 Highway 41
Postal Code
K0H1L0
Location Highlights
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Listed by
PEAK 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
2,500
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
$749,900
Asking Price
$749,900
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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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)
2,500
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
N/A
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