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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,080,000
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
Great Location and Investment Opportunity In Niagara Falls. The Price Includes 13,700 Sqft of Land And Building. The Price also Includes 5480 Victoria Ave(Parking Lot). The former Famous Restaurant business And 2nd Floor(4 Bedrooms, 3 Bathrooms) And Parking Lot(17 Cars)Were Rented To One Tenant. Annual Gross Income is $120,000 Plus HST.10 Minutes Walk to Falls And Casino. Licensed 39 Guests Plus 39 Patio.Separate Entrance to 2nd Floor. **** EXTRAS **** The Property is located In High Traffic and Well Maintained, Promising As An Investment Building. 200 AMPS. Three Separate Hydro Meters. (id:39198)
Location
Province
Ontario
City
Niagara Falls
Address
5470 Victoria Ave
Postal Code
L2G3L2
Location Highlights
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Listed by
ROYAL LEPAGE NEW CONCEPT 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
2,400
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
$3,080,000
Asking Price
$3,080,000
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)
2,400
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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