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Retail Property For Sale at 33 - 376 WINSTON ROAD in Grimsby, Ontario

4 Sale ID #240268
Updated 20 Jun 2024

Asking Price

$969,999

Cap Rate help 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

Amazing Turn Key Restaurant or Retail Opportunity Situated Just Steps Away From Lake Ontario! Offering a Beautifully Designed Unit In A Rapidly Growing Lakeside Community of Grimsby-On-The-Lake. With Convenient Access To The QEW & Walking Distance From The New Go Station, This Space Is Ready For A Business To Start Operating Immediately. With High Visibility, Benefit From A Steady Flow Of Local Residents, Tourist & Lake Traffic On A Daily Basics. Several NEW Condos Set To Be Constructed In The Community, This Commercial Unit Presents A Promising Investment Opportunity. Currently Leased Out, The Current Tenants Are Relocating To A Larger Unit Across The Street. **** EXTRAS **** The Restaurant Business is NOT For Sale. All Capital Improvements Will Remain & Belong To New Owner. Please Do Not Visit Property Without A Showing Being Booked. Showings Only Tuesday & Wednesday 3pm-4pm & Thursday- Saturday 11am-12pm. (id:39198)

  • MLS® : #X8352212
  • Date Listed : 18 May 2024

Location

Province

Ontario

City

Grimsby

Address

33 - 376 Winston Road

Postal Code

L3M0H2

Location Highlights

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Listed by

SAM MCDADI REAL ESTATE INC. Ontario listing

Category

retail-properties

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

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Building Size

1,640

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

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$969,999

Asking Price

$969,999

Cap Rate help 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 help 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 help 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)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

1,640

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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