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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$564,900
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
Imagine your ideal salon or gift shoppe nestled at 31 Queen Street West in downtown Elmvale. This charming building, with Commercial General zoning, offers versatile space with picturesque street views, perfect for attracting clientele. Inside, discover exposed brick, refinished oak floors, a powder room, and storage. The rear boasts a modern one-bedroom apartment with separate entrances, ideal for live-in owners or additional rental income. Separate hydro meters and shared gas meter ensure efficiency. An unfinished basement provides extra storage. Updates include custom windows, new furnace and A/C, and electrical upgrades. Join the thriving Elmvale community, minutes from Barrie, Wasaga Beach, and Midland. (id:39198)
Location
Province
Ontario
City
Elmvale
Address
31 Queen Street W
Postal Code
L0L1P0
Location Highlights
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Listed by
Keller Williams Experience Realty, Brokerage (255 King St) 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
1,183
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
$564,900
Asking Price
$564,900
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)
1,183
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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