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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$899,000
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
HUGE FRONTAGE ON HWY 86, 5 minutes south east of Wingham. 399ft of frontage on Highway , 2 acres with Few trees and flat, approx 5000 sq ft Building. Building has 6 Roll-up doors and 1/3 asphalt with ample parking.Current use includes Auto sales and car repair. Has Flexible zoning that also permits ample options for the land, request zoning bylaw. Serviced with Natural Gas. Same ownership since 1983 and years of built in good will, offer opportunity for a new operator to assume any returning business under their own brand. This building and land to be sold vacant and as is. Seller will consider offering vendor financing. **** EXTRAS **** Also permits: Boat, snowmobile, motor home; other permitted uses: car wash, Bed & Breakfast, Restaurant, Hotel/Motel, commercial Warehouse, contractors' yard, Dwelling units, Funeral Home/Garden Centre/Gas StationMedical, Vet, & many more. (id:39198)
Location
Province
Ontario
City
Morris turnberry
Address
41401 Amberley Rd
Postal Code
N0G1G0
Location Highlights
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Listed by
CENTURY 21 MILLENNIUM 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
4,953
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
$899,000
Asking Price
$899,000
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)
4,953
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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