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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,400,000
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
This Portuguese Bakery has been in operation since the 60' with the current owner working there since 1990 when he finally took over the business in 2007. Located in the heart of Ottawa baking daily from scratch hand-crafted corn bread to specialty rye bread such as light rye topped with poppy seed, pastries that vary from Portuguese pastel de nata, a fan favourite, to simple almond croissants and butter tarts. The bakery serves Carleton university, Produce depot in different locations, Lavergne Western Beef, Adam Sausage, Continental Delicatessen in the market, Wedel - Polish store in Westboro Village, stores near St Laurent & Summeret, restaurant in Chelsea and many more. Basement is fully equipped in everything you need to run catering with gas stove, walk in freezers and plenty of room for storage. All equipment is owned. Owner has applied to the city for a permit to construct a 2 storey high dwelling above the bakery. Convenient parking across the bakery.True Ottawa gem to own. (id:39198)
Location
Province
Ontario
City
Ottawa
Address
48 Nelson Street
Postal Code
K1N7R2
Location Highlights
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Listed by
ROYAL LEPAGE TEAM REALTY 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
1,450
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
$1,400,000
Asking Price
$1,400,000
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)
1,450
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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