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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$159,000
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
A hidden gem nestled in the heart of Lamont, this space is perfect for an entrepreneur looking to expand into a physical retail space or continue a legacy. This property boasts an elegant and well-organized layout, making it a joy to browse through the various sections of the store. With good lighting, updated flooring and ample shelves to showcase any items. The building also has a bathroom for both patrons and staff use. With an open upper level it can be use for more retail, office space, or a work area. The lot allows for parking the back of the building and to be showcase across from a main street intersection for visibility. It also has a single car garage for extra storage which is accessible thought the back alley. Situated in the charming town of Lamont, the current business is a thriving operation that invites both locals and visitors to explore its treasures. Lamont itself exudes small-town charm, with picturesque streets, friendly residents, and a vibrant community that serves the greater area (id:39198)
Location
Province
Alberta
City
Lamont
Address
5028 50 Av
Postal Code
T0B2R0
Location Highlights
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Listed by
Century 21 Masters 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
134
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
$159,000
Asking Price
$159,000
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)
134
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
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