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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$740,000
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
Built in 1895 the majority of the original details still remain, such as the original fireplace, trim and also the enormous sliding glass pocket doors that divide the two large rooms on the main. The bricks were manufactured right in Parkhill and all of the stained glass panels still hang in the windows, many of which have been replaced. . The main floor can be used as 1,2 or 3 or more separate commercial spaces and is divided by a large hall/waiting area with a small two piece bath. There are currently two residential units upstairs in the back with two separate accesses (a one bedroom and a two bedroom). Each unit has its own furnace/water heater and hydro panel. The rear access on the main floor is also the entrance to a third two bedroom unit. The current owner used this as a part of their offices (they had 7 separate offices and and a large boardroom). With the current zoning being C1 only 50% of the main floor must be commercial use. Ample parking on street and in rear. Expenses are for 2022 as property was vacated with owner retired in 2022 (id:39198)
Location
Province
Ontario
City
North Middlesex
Address
250 Main St
Postal Code
N0M2K0
Location Highlights
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Listed by
ROYAL LEPAGE TRILAND 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
2,032
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
$740,000
Asking Price
$740,000
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)
2,032
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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