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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,499,900
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.
N/A
Lot Size
N/A
Building Size
N/A
Premise Summary
Prime location with high exposure on a 7350 square foot spacious corner lot. Currently being used for automotive repair, sales & service. C3 zoning allows for a variety of different uses. Parking for up to 40 cars, large two-bay garage, reception area, restroom & storage. (id:39198)
Location
Province
Ontario
City
Thorold
Address
54 Ormond Street S
Postal Code
L2V1Y5
Location Highlights
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Listed by
REMAX REALTY SERVICES 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
1,250
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
N/A
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
N/A
Financial Information
Yearly Rate
$1,499,900
Asking Price
$1,499,900
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.
N/A
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)
1,250
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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