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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$295,900
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
N/A
Premise Summary
Great location for a small retail business with access off Bruce St and Grosvenor Ave. to a rear parking area. Featuring 3000 sq. ft. presently rented out to Bath Fitters, Computer repair shop and 1 vacant spot, along with 1500 sq. ft. of storage area at the rear of property with security lighting. Call today for further information showing only during business hours with 24 hour notice (id:39198)
Location
Province
Ontario
City
Sault Ste. Marie
Address
253 Bruce St
Postal Code
P6B1P3
Location Highlights
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Listed by
Remax Sault Ste. Marie Realty Inc. Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
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Tenancy
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Lot Size
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Available Space
N/A
Building Size
3,000
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
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Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
N/A
Financial Information
Yearly Rate
$295,900
Asking Price
$295,900
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.
N/A
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)
3,000
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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