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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$800,000
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
Located in the heart of Mount Hope at main Intersection of Homestead Drive and Airport Road. The Property is an Automotive garage with attached two storey home to be sold "As is - Where is" The property was formally a gas station and tanks are still in ground. Buyer is responsible for removal of tanks including any environmental concerns. The home requires updating and the property is on septic. (Sewer at property line). Ideal for new owners to live and work at home or Investor redevelopment to different use. Just minutes from Hamilton International Airport. RSA. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
3155 Homestead Drive
Postal Code
L0R1W0
Location Highlights
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Listed by
RE/MAX Escarpment Realty 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
12,346
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
$800,000
Asking Price
$800,000
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)
12,346
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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