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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,690,000
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
Fabulous Business Opportunity In The Historic Village Of Magnetawan in North of Muskoka. Steps From Sand Beach, Marina & Historic Locks & 40 Mile Waterway. Great Views and Surrounded by High End Cottages. A Popular Restaurant with LLBO For 135 Guests with separate Grocery Store. 8,000 sf building on 0.63 acre lot. Recently Renovated !!! This Property Can be converted to a Hotel !!!! Popular With Locals & Tourists All Year Round. **** EXTRAS **** Sale Includes The Grocery Store And the Restaurant. Gross Sales Grocery Store $750k, Restaurant $850k. (id:39198)
Location
Province
Ontario
City
Magnetawan
Address
4244 Hwy 520
Postal Code
P0A1P0
Location Highlights
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Listed by
HOMELIFE FRONTIER REALTY 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
7,958
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
$2,690,000
Asking Price
$2,690,000
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)
7,958
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
N/A
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