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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$374,900
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
Exceptional commercial property, recently served as a dog grooming business, but offering a world of possibilities for the next entrepreneur. This detached building offers a prime location with 100 feet of road frontage on County Road 29, providing outstanding visibility to passersby. This location offers easy access to major routes and is surrounded by a mix of residential and commercial establishments, ensuring a steady flow of potential customers. With its current plumbing setup, this property is perfectly suited for dog grooming, but it could also easily transform into a hair salon. The generously sized lot provides ample space for parking. With natural gas heating, a newer furnace and a/c and a 200 amp electrical service, you can expect efficient operation all year round. Whether you want to continue a dog grooming business or explore other possibilities, this property is ready to meet your entrepreneurial aspirations. (id:39198)
Location
Province
Ontario
City
Elizabethtown
Address
3041 County Road 29 Road
Postal Code
K6V5T4
Location Highlights
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Listed by
O'GRADY REAL ESTATE BROKERAGE INC. 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
900
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
$374,900
Asking Price
$374,900
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)
900
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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