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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,099,900
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
Located 1 minute off HWY 401, 40 minutes from the Cdn/USA border. Centered between Windsor and Chatham Ontario. Zoned C-4 Recreational/tourist commercial which allows eating establishments, hotels, motels, places of entertainment, private and public clubs, RV sales, service and storage, campground, parks, golf course, marina, tourist information center. Operating as The Boonies Drive-In Theatre and campground. 5.5 acres of mature trees and 6 acres of grassed open area. Serviced with municipal water 2"" line and 1"" high pressure natural gas line. High voltage underground to a padmount transformer with central metering. Single phase 400 amp service in the main building and multiple distribution services in different locations on the property. Whitewater large capacity aerobic waste water treatment unit.1 main building 3500 square feet pole barn board and batten. **** EXTRAS **** Location Windsor-Essex County is at the heart of North America's high technology manufacturing area, one mile south of Detroit, Michigan, on the Detroit River. Located in the western tip of Ontario and the southernmost part of Canada (id:39198)
Location
Province
Ontario
City
Lakeshore
Address
4625 Richardson Sdrd
Postal Code
N0P2L0
Location Highlights
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Listed by
RE/MAX GOLD 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
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
$2,099,900
Asking Price
$2,099,900
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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