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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$599,000
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
Don't miss this charming entrepreneur opportunity! If success, brand recognition, quality, and reliability are some of the things you look for when purchasing a business, then say hello to Algonquin Fine Foods; a wonderful, active, and trusted small town business in the close knit village of Magnetawan since 2018. This business and building package are looking for new owners to carry the torch as a mainstay not only for the locals living in the area but for cottagers visiting the community throughout the summer and snowmobilers in the winter. The current business - which started as a small veggie stand - is located on a prime site on Sparks Street with excellent visibility and a prominent pylon sign, as well as ample parking. This space contains well-organized work areas from a full renovation since purchase with a commercially approved kitchen, storefront space, washroom, and seasonal outdoor seating. Recent building improvements include a forced air propane furnace and a full propane powered generator as backup to protect this property from any possible power outages. This well-established business offers a one-of-a-kind endeavor in one of the warmest and lovable communities in the Almaguin Highlands. Come check it out today and see why this could be your opportunity to own a small business in the area! (id:39198)
Location
Province
Ontario
City
Magnetawan
Address
59 Sparks Street S
Postal Code
P0A1P0
Location Highlights
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Listed by
Royal LePage Lakes Of Muskoka Realty, Brokerage, Burks Falls 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
950
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
$599,000
Asking Price
$599,000
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)
950
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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