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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,500,000
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
Downtown Core in the Town of Paris. Two lower Commercial users and two residential upper suites. Three parking spots at rear surrounded in municipal parking area. Main level consists of front street exposure occupied by Insurance agency with full basement and rear commercial occupied by owner. Surrounded by successful businesses in beautiful historic downtown Paris, a well loved tourist destination. Where the Grand River meets the Nith River. #1 rated Prettiest Little town in Canada! Residential income units offers two bedrooms, Looking for a new investment, start a work and live business opportunity in booming Paris. (id:39198)
Location
Province
Ontario
City
Paris
Address
52 Grand River Street N
Postal Code
N3L2M2
Location Highlights
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Listed by
Re/Max Escarpment Realty Inc. 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
3,327
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
$1,500,000
Asking Price
$1,500,000
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)
3,327
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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