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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,389,000
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
A mixed-use, large property with endless possibilities/potential incl. development. Currently being used as a busy, 2000 sq ft variety store with strong community ties as well as Canada Post Depot. Business is not for sale but seller will include training and support for any buyer who wishes to continue. Inventory is available for purchase. 1500 sq ft, 3 bedroom apt upstairs with w/o balcony. Large detached garage in rear with hydro and loft. Loft can be used commercially, personally or as a rental for additional income. Quick access to 403/401/QEW. Minutes to Waterdown, Dundas, Ancaster, Burlington. **** EXTRAS **** Sellers will vacate and no longer run the business. Store inventory & chattels available for purchase separately. See all permitted uses in supplements. Buyers to do their own due diligence on future use. Water radiant heater not warranted (id:39198)
Location
Province
Ontario
City
Hamilton
Address
338 Concession 5 West
Postal Code
L0R1V0
Location Highlights
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Listed by
RE/MAX REAL ESTATE CENTRE 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
16,038
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
N/A
Financial Information
Yearly Rate
$1,389,000
Asking Price
$1,389,000
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.
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)
16,038
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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