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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$399,000
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
RETIRING OWNERS! The YARMOUTH WOOL SHOPPE IS FOR SALE - 2 SPACIOUS LEVELS ARE SEPARATED BY SPIRAL STAIR CASING reminiscent of the popular British comedy "ARE YOU BEING SERVED?". AN ICONIC LANDMARK RECOGNIZED AS 'WESTERN NOVA SCOTIA'S MOST FAMOUS TOURIST STORE' offering QUALITY & EXCLUSIVE IMPORTED IRISH, BRITISH, ITALIAN +++ MERCHANDISE. 'A FAMILY AFFAIR' that is full of memories and has catered for over 50 years to a WIDE AND FAITHFUL CLIENTELE from all over the globe and continues to do so. A RARE OPPORTUNITY EXISTS TO HONOUR THE HISTORY, LANDMARK etc. and the ability to acquire already established brands for someone desirous of entering into a similar venture. A PIECE OF HISTORY BRINGS YOU BACK IN TIME WITH THE ORIGINAL CENTRE STAIR-CASING, ORIGINAL POLISHED GLASS SHOWCASES, BUILT-IN WALL TO WALL POLISHED DRAWERS & CENTRE ISLE WOODEN DISPLAY COUNTERS & MORE NOTE: CORPORATION AND CONTENTS MAY BE OPTIONAL OR BRING YOUR OWN IDEAS TO THIS GROWING TOURIST TOWN. THIS BUILDING IS CENTRALLY LOCATED IN THE DOWNTOWN DISTRICT AND ONE STREET UP FROM "THE CAT FERRY" LINK TO BAR HARBOUR MAINE! (id:39198)
Location
Province
Nova Scotia
City
Yarmouth
Address
3525 Main Street Throughway
Postal Code
B5A1E6
Location Highlights
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Listed by
Royal LePage Atlantic Nova Scotia 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
0
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
$399,000
Asking Price
$399,000
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)
0
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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