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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,200,000
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.
N/A
Lot Size
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Building Size
N/A
Premise Summary
This property offers a unique opportunity in the heart of the Niagara Falls tourist district, featuring a building of approximately 1,300 sq. ft. with a three-piece bathroom. It includes a 200-amp electric panel, a 1.5 million BTU gas meter, and a gas shop heater (currently not connected). The flat roof is 10 years old, ensuring durability. Zoned for tourist commercial use, this property also features an office and convenient parking, making it ideal for businesses catering to the thriving tourism industry in the area. (id:39198)
Location
Province
Ontario
City
Niagara Falls
Address
5535 Slater Avenue
Postal Code
L2G3S7
Location Highlights
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Listed by
MOVERIGHT REAL ESTATE, BROKERAGE Ontario listing
Category
Property Information
Premise Status
Includes REAL ESTATE
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
1,300
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
N/A
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
$1,200,000
Asking Price
$1,200,000
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.
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)
1,300
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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