Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,588,000
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
Lot Size
N/A
Building Size
N/A
Premise Summary
Opportunity To Purchase A Profitable Turn Key operation Automotive Repair shop including the Land & Buildings In A Prime Location with Rental incomes. Located Between Hwy 401 & New 407 *** 400 Feet of Frontage on the Busy Highway 35/115*** solid Steel Building On 2.75 Acre Lot With 15Ft Clear Ceiling Height, 4 Overhead Doors, 2 X 10,000 Lbs Hoists & 12,000 Lbs Drive On Hoist/Alignment Rack. 220 For Welding, Fully Plumbed Air Line System, 200 Amp Service, Gas Heat. Zoned For Automotive Retail Uses, 3000Sqft Commercial Building With 4 Large Bay Doors with Office + 650 Sf Loft storage space . 400 Feet Of Frontage And A Total Of 2.75 Acres. In The Town Of Newcastle, 5 Mintures Drive To Hwy 401,10 Minutes Drive To Oshawa, property is tenanted with month to month contracts. Main Floor 3,000 sf + 650 sf Loft . **** EXTRAS **** Storage Rm, Lunch Rm, Kitchen & 2 X 2Pc Baths. Zoning Allows For Vehicle Sales.** Total rent for mechanical shop & Used Car Dealers On Site Pay $12000 +Hst Monthly**. Don's Auto Shop Established In 1995 W/ An Amazing Reputation in the area (id:39198)
Location
Province
Ontario
City
Clarington
Address
3400 Highway 35 115 S
Postal Code
L1B0R6
Location Highlights
N/A
Listed by
HOMELIFE/BAYVIEW REALTY INC. Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
0
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
$2,588,000
Asking Price
$2,588,000
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.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
0
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
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
