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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$349,900
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
Room to grow and get the exposure your business needs! This 1.28 acre parcel of land is directly adjacent the main, busy highway passing through Grimshaw. There is a 2,700 sq foot main building which was previously used as a dealership/registries office but has lots of potential other uses like retail store, drive thru restaurant and so much more. There is also a separate 2,100 sq ft shop space/wash bay that has plenty of uses. All of this has an excellent location with easy access off the highway. There is also an additional 1.28 acre vacant lot directly next door that is also for sale if you need more space that what is available here. Lots of potential exists on this site. You just need to check it out to see what it can do for you! (id:39198)
Location
Province
Alberta
City
Grimshaw
Address
4908 57 Avenue
Postal Code
T0H1W0
Location Highlights
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Listed by
RE/MAX Northern Realty Alberta 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
2,700
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
$349,900
Asking Price
$349,900
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)
2,700
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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