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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$389,900
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
This commercial country property is 1.87 acres and zoned HC-1. Set back nicely from the paved Crediton Road, the 2,100 sq. ft. building was used for many years as a family style restaurant and banquet hall. For many recent years the building has housed the Relic Shed offering an array of antiques, collectibles and misc. Serviced by natural gas, municipality water and sewers, electricity etc. This rare opportunity invites your ideas and ambition. Zoning allows for many uses. 10 minutes to Grand Bend, 40 minutes to London. Lots of Lake traffic during the warm months. (id:39198)
Location
Province
Ontario
City
Crediton
Address
48 Victoria Street West
Postal Code
N0M1M0
Location Highlights
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Listed by
ROYAL LEPAGE HEARTLAND REALTY, BROKERAGE 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
2,190
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
$389,900
Asking Price
$389,900
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)
2,190
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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