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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,100,000
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
Iconic landmark & rich history as trusted truck repair shop for over 30yrs. Nestled on 7 lush acres, this private oasis offers endless possibilities for your business ventures. Discover charming 2+2 Br bungalow for work & living needs. Heart of this property is the spacious 40ftx60ft repair shop w/ heated concrete floor, 400 amp service, 16ftx14ft bay door & 16ft ceiling height, equipped to handle substantial tasks. 12,000-pound hoist & 2 ton crane ready for use. 38ft Truck pit with ample lighting ensures efficient maintenance. Wash basin for easy clean, mezzanine office & 2pc bathroom. Additional building dedicated to tire services w/modern tire changers, balancing equipment, compressor, pressure washer & water tank, all designed to enhance your repair capabilities. 22ftx30ft Storage shed, equipped w/electric heating for year round use. Large parking area provides for outdoor storage, further expanding your operational capacity. Major Highway access & close to all amenities in Durham. **** EXTRAS **** An exceptional opportunity for those in repair businesses or anyone looking to establish a versatile commercial space. With generous acreage & well maintained set-up, don't miss this rare chance to make this your next successful venture. (id:39198)
Location
Province
Ontario
City
Scugog
Address
3920 Devitts Rd
Postal Code
L0B1B0
Location Highlights
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Listed by
COLDWELL BANKER THE REAL ESTATE CENTRE 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
2,500
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
$2,100,000
Asking Price
$2,100,000
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)
2,500
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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