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Benefits
Asking Price
$415,000
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
Take a look at this unique historical building in centre town Yarmouth, Nova Scotia. The main level of this building was previously being used for the operation of a restaurant, the upper level is a 2 bedroom apartment. Tons of room for opportunity here! There is a second portion of the upper level that can be developed into a bachelor unit (needs to be constructed, plumbed for full bath). There is a back deck with partial views of Yarmouth Harbour and a huge outbuilding that is completely unfinished inside but with some ingenuity this could be another two unit rental with single car garage. Great opportunity for a multi-unit! When you enter the main level you will immediately notice all of its unique features; ornate wood work, concrete flooring with in-floor hot water heat (oil/wood combo furnace), and an approved wood-fired oven. Should you choose to keep this is as a restaurant; the food station can be moved allowing for various seating arrangements, and there is a raised section that would allow for seating larger crowds. The basement level was completely sheet-rocked to meet code, as well as newer electrical and mold proof paint. A section of the basement also houses great storage for the restaurant. The restaurant was approved for NSLC licensing, food safety and fire codes. This is a turn-key operation! OR develop this space into one large rental unit or two. The upper level features a huge wooden staircase and offers the unique space to expand the restaurant space or keep as a residential unit. There is a large open living space, full bath, two separate bedrooms and a kitchenette. Rent it out for income, or live upstairs while running a successful business on the main level. WOW! Come see if this is the opportunity you have been waiting for! (id:39198)
Location
Province
Nova Scotia
City
Yarmouth
Address
468 Main Street
Postal Code
B5A1H1
Location Highlights
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Listed by
Modern Realty 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
$415,000
Asking Price
$415,000
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)
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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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